Hayek - Why Intellectuals Drift Towards Socialism

[piezoe]

This moderated (by an economist) dialog between Milton Friedman and Walter Heller is wonderful in hi-lighting differences and simularities between a Libertarian economist like Friedman and a more mainstream economist, Walter Heller, who would identify more closely with Keynes. (and for jem, here is another use of the term "fine tuning")

 

[java]

don't forget this one

 

[jem]

I compare those guys to the political hacks we see today being called experts. I can listen to those guys all day long. Today's expert class is so annoying and so poltical. Every sentence out of their mouth is rehearsed politics. I can't watch.

Here we see hayek really thinking and answering questions and realizing he needed to explain Keynes was really smart in many areas... just not that deep on economic theory of others.

thanks for that piezoe.

Of all the Hayek videos, this is by far my favorite:

And here is one of the rare tapes of Keynes. His manner of speaking and accent defines the British aristocracy of his day. He preceded Hayek in death by nearly 50 years! So sadly we have less in the way of preserved films of him speaking, but many stills of course. He died not long after Bretton Woods, the adoption of the gold standard probably helped do him in.

 

[jem]

I am showing that to my kids. That was great

don't forget this one