VIDEO – John Papola answers questions from Reddit readers

At about 10 or 11 minutes John Papola has an interesting bit on how Murray Rothbard and David Friedman answered Hayek’s challenge envision an inspiring liberal utopia.  But the whole thing is interesting. Papola is one of the creators of the Hayek vs Keynes rap videos.

Reddit Replies from John Papola from John Papola on Vimeo.

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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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