interview: Hayek on Statistics & Macroeconomic Explanation

Below I’ve posted a conversation between Friedrich Hayek and Leo Rosen from 1978 in which Hayek presents some of his conclusions about the relationships between statistics, probability theory, and macroeconomic explanation.

Note well when reading the following that Friedrich Hayek’s first job as an economist had Hayek up to his eyeballs in the collection and . . . → Read More: interview: Hayek on Statistics & Macroeconomic Explanation

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A strong tradition of political liberty is no safeguard if the danger is precisely that new institutions and policies will gradually undermine and destroy that spirit. — F. A. Hayek

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