VIDEO – Hayek Interviewed by Armen Alchian in 1978

Two top economists talk about ideas and economic personalities.  Part 1Part 2.


One point which deserves mention in this connection is that Keynes knew appallingly little about nineteenth-century economics, or about nineteenth-century history.  He hated the nineteenth century for aesthetic reasons [laughter].  While he was a great expert on Elizabethan history, he just disliked the nineteenth century so much that beyond Marshall and just a little John Stuart Mill and Ricardo, he knew nothing of the literature and very little about the history of the period.

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