F. A. Hayek on economics & his personal history, an interview with Axel Leijonhufvud

Robert Bork & F. A. Hayek discuss the Courts, Public Opinion and Unlimited Democracy

Watch it here.

Robert Bork and F. A. Hayek discuss the Cognitive Limitations of Experts, Natural Scientists & Sociologists

Robert Bork has Died

From the Boston Globe obituary:  “Bork credited reading F. A. Hayek’s The Road to Serfdom & Whittaker Chambers’ Witness for having ‘destroyed my daydreams about socialism’.”

Jeffrey Sachs attacks Keynesian Policies, favors Hayekian Explanations

In the Financial Times:

“There are three more reasons to doubt the Keynesian view. First, the fiscal expansion has been mostly in the form of temporary tax cuts and transfer payments. Much of these were probably saved, not spent.

Second, the zero interest rate policy has a risk not acknowledged by the Fed: the creation . . . → Read More: Jeffrey Sachs attacks Keynesian Policies, favors Hayekian Explanations

Robert Bork & Hayek on the Philosophical Blunders Leading Intellectuals to Renounce Our Shared Moral & Legal Principles

Russ Roberts talks with Don Boudreaux on Reading Hayek

Here is the link to the EconTalk podcast which includes extensive bibliographical links.

Great Hayek Quote on Expanding Money and Changing Networks of Relative Prices & Structures of Production

“It seems obvious as soon as one once begins to think about it that almost any change in the amount of money, whether it does influence the price level or not, must always influence relative prices. And, as there can be no doubt that it is relative prices which determine the amount and the direction . . . → Read More: Great Hayek Quote on Expanding Money and Changing Networks of Relative Prices & Structures of Production

A Note on Why Hayek Took British Economists on a Trip with Hume & Cantillon

In 1931 Hayek took British economists on a landmark trip through the history of economic thought as an introduction to Hayek new account of intertemporal equilibrium and disequilibrium through the domains of money, credit and production across time. As Hicks and many other tell us, Hayek’s Prices and Production journal effectively transformed the art of . . . → Read More: A Note on Why Hayek Took British Economists on a Trip with Hume & Cantillon

In the mail — The Great Persuasion by Angus Burgin

Just starting The Great Persuasion: Reinventing Free Markets since the Depression by Angus Burgin, the story of Hayek, Friedman and the Mont Pelerin Society.

Deck the Halls with Macro Follies – a Christmas Parody from EconStories

Some Thoughts on Hayek, Wittgenstein and How to NOT to ‘Model’ Language or the Price System

Hayek had a single theme from his 1928 book to his writings and interviews at the end of his life — math constructs *fail* to capture the imperfect *signal* function of prices and the imperfect learning, judging and discovery role of real human beings.

And a simple joke made by a senior LSE faculty . . . → Read More: Some Thoughts on Hayek, Wittgenstein and How to NOT to ‘Model’ Language or the Price System

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Random Quote

Friedrich Hayek is the twentieth-century social theorist who, probably more than any other, found himself vindicated by events — if not wholly, then at least in his central contention. He is also the one who, more than any other, himself exercised a significant political influence. — Michael Lessnoff

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