VIDEO – Nicholas Wapshott discussing Hayek & Keynes at Duke

Nicholas Wapshott speaking Nov. 3 on his book Keynes Hayek: The Clash That Defined Modern Economics at Duke University.

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Rational behavior is not a premise of economic theory .. the basic contention of theory is rather that competition will make it necessary for people to act rationally in order to maintain themselves. — F. A. Hayek

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