Hayek on Socialism

YouTube
May. 12, 2010

Friedrich Hayek talks about socialism.

For a deeper understanding of Hayek's argument on socialist calculation and the knowledge problem see Individualism and the Economic Order in PDF at

http://mises.org/book/individualismandeconomicorder.pdf

Also of interest is the book that inspired Hayek arguments: Socialism by Ludwig von Mises in PDF
at

http://mises.org/books/socialism.pdf

Although a shorter introduction to Mises arguement can be found in Economic Calculation in the Socialist Commonwealth

here as PDF

http://mises.org/pdf/econcalc.pdf

here as you tube video

http://mises.org/book/individualismandeconomicorder.pdf

As a side note; any viewers who have the objection that what Hayek is talking about is not 'socialism' read pages 33, 34 & 35 for Hayeks clarification of his use of the term.

Click link for audio of those pages -

http://www.youtube.com/user/economicsinonelesson#p/c/85636622A24A114F/0/kuy0F0iksPM

This is an excerpt from a longer interview which can be found here

http://www.vimeo.com/4063439