Economist and Hoover honorary fellow Friedrich Hayek spent seven decades extolling the supremacy of capitalism over socialism. For most of those decades, Hayek was a voice in the wilderness. Yet as John Cassidy argues, by the end of his life Hayek was vindicated to such an extent that "it is hardly an exaggeration to refer to the twentieth century as the Hayek century."
Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, presents the impact of government spending (Keysenian theory) versus a free market solution (Hayek theory) on the economy using a rap video.
Bruce Caldwell Delivers Keynote Address On Hayek For Library & Archives Workshop On Political Economy
On Friday, June 24, the second annual Hoover Institution Library & Archives Workshop on Political Economy hosted a public lecture by renowned scholarBruce Caldwell, professor of economics at Duke University and director of Duke's Center for the History of Political Economy.
The twenty-one essays in this book provide an overview of the contributions of Nobel laureate and Hoover Institution honorary fellow Friedrich A. von Hayek to the fields of economics, political theory, history, and philosophy.
William F. Buckley Jr. reflects on Friedrich Hayek’s invaluable contributions to the fight against socialism—a fight that was still very much under way when Buckley delivered these remarks a quarter of a century ago.
The stimulus package was passed with much talk of Keynesian multipliers and boosting aggregate demand. But now that the stimulus has barely dented the unemployment rate, and with government spending and deficits soaring, it's natural to turn to Hayek.
Wait a minute, isn't this the 21st?...
With politicians proposing policies that would vastly expand the size of the government and its involvement in the economy, it is clear that too many Americans have forgotten the lessons of the twentieth century. As Friedrich Hayek and Milton Friedman pointed out long ago, deviating from market principles is a recipe for disaster.
David R. Henderson on Keynes Hayek: The Clash that Defined Modern Economics by Nicholas Wapshott
Bryan Caplan dismisses Hayek’s contributions as flabby: I’ve long since lost all patience with Hayek. . . .
David Brooks, in this provocative critique of Republican Libertarianism, uses the insights of Hayek without mentioning him...
Is Hayek an important enough economist to be taught in Texas schools alongside Keynes and Friedman? . . .
Over the years I have come to appreciate the depth of Hayek's insights, particularly in "The Use of Knowledge in Society," his 1945 American Economic Review paper...
In this podcast Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, discusses, with Nicholas Wapshott, author of Keynes Hayek: The Clash That Defined Modern Economics, John Maynard Keynes and Friedrich A. Hayek: their ideas, their disagreements, their friendship, and how the two men influenced economists and public policy during their lifetimes and beyond.