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Hayek on SocialismYouTubeMay. 12, 2010 |
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 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 |
