Video — Bruce Caldwell on the life and ideas of Friedrich Hayek

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Video — Calvin Hayes on Hayek, Sen and the Idea of Social Justice

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Video — Eric Mack on Hayek’s views on Law and Society

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Video — James Buchanan, Edward Crane, Leonard Liggio & Daniel Yergin on The Road to Serfdom

James Buchanan, Edward Crane, Leonard Liggio & Daniel Yergin discuss Hayek’s The Road to Serfdom

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Video — Angus Burgin on Hayek, Friedman & the Return of Laissez Faire

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“Hayek and Contemporary Macroeconomics” by Lawrence H. White

Abstract:

F. A. Hayek’s macroeconomic theory and policy ideas have gained renewed attention since the recent boom-and-bust cycle followed the basic Hayekian narrative of an unsustainable cheap- money boom ending with a crash. Only to a very limited extent, however, do we find Hayek’s ideas on the agenda of mainstream macroeconomic researchers since Robert Lucas’s research program gave way to “Neoclassical” and “New Keynesian” DSGE models. We find examples of deeper interest on the periphery of the mainstream. Hayek’s influence on today’s macroeconomic policy discussions remains similarly limited, although he has become an icon to some opponents of loose money.

Download the paper from SSRN

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