Here’s a great discussion on the economics of Friedrich Hayek (mp3) placed in the context of the history of economics and philosophy of science. The speaker is Bruce Caldwell, author of Hayek’s Challenge.
If you want to understand who Friedrich Hayek is and what his life was all about, you can’t do better than read the transcripts of the 1978 interviews with Friedrich Hayek conducted by Earlene Craver, Axel Leijonhufvud, Leo Rosten, Jack High, James Buchanan, Robert Bork, Thomas Hazlett, Armen Alchian, and Robert Chitester in October and . . . → Read More: oral history: The 1978 UCLA Interviews With Friedrich Hayek
Random Quote
Our task [as economists] is to show how only a market and a competition-determined price system can enable us from day to day to adjust a worldwide division of labor to ever-changing circumstances and to maintain that degree of productivity which we need in order to keep the population of the world alive. — F. A. Hayek
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