THE BRITAIN HAYEK FORESAW

“The most important change which extensive government control produces is a psychological change, an alteration in the character of the people.”

THE HAYEK-KEYNES LETTERS OF 1932 DECONSTRUCTED

Two American “communications” professors take on Hayek and Keynes debating trade cycle theory and British public policy in 1932 — “From the Great Depression to the Great Recession: The 1932 Hayek-Keynes Debate: A Study in Economic Uncertainty, Contingency, and Criticism” by David Hingstman & Thomas Goodnight (pdf).

BRITISH CHARACTER

What happened?

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Apart from intellectual influences, the impetus toward totalitarianism comes mainly from two great vested interests: organized capital and organized labor. — F. A. Hayek

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