Video — Gary Becker remembers Hayek’s faculty seminars at the U. of Chicago

at about 4:20 in the opening moments of his 2010 IEA Hayek Lecture on immigration.

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While an understanding of the market order is a necessary condition for the understanding of our civilization, one has to possess much knowledge of other aspects of civilization in order to comprehend what the market does. — F. A. Hayek

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