VIDEO – Hayek Interviewed by Armen Alchian in 1978

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

Quotable:

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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