The Life & Thought of Friedrich Hayek

by admin on December 14, 2011

The Intellectual Portrait Series: The Life and Thought of Friedrich A. Hayek (Indianapolis: Liberty Fund, 2003) Books Featured Socialism: An Economic and Sociological Analysis mises.org Monetary Theory and the Trade Cycle aussienomics.com Contra Keynes and Cambridge:essays, correspondence sites.google.com Description: The 20th century witnessed the unparalleled expansion of government power over the lives and livelihoods of individuals. Much of this was the result of two devastating world wars and totalitarian ideologies that directly challenged individual liberty and the free institutions of the open society. Other forms of expansion in the provision of social welfare and the regulation of the economy, while more benign in their objectives, nevertheless posed significant challenges to personal freedom. Few individuals did more to both extend our understanding of the economic processes of the free society and alert us to the dangers inherent in the growth of political power than the Nobel-laureate economist and social theorist, Friedrich A. Hayek. In over half a century of writing and teaching, he showed why National Socialism was the very antithesis of capitalism, why communism was an economic and political philosophy ultimately doomed to failure, and why we must be wary of government intervention if we are to preserve the freedoms that make democracy and prosperity possible. Over the course of his intellectual career, Hayek set out an inspiring vision for a free
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Dartmouth’s 17th President Dr. Jim Yong Kim describes his vision for the College. Learn about how the Dartmouth education will prepare you to change the world.
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{ 22 comments }

heathmoor December 14, 2011 at 1:17 am

@Malthus0 what a funny coincidence! I’ve gone to mises.org and in the main page there was a video titled “Stephan Kinsella: Intellectual Property and Libertarianism”. It’s been also uploaded to YouTube: youtube.com/watch?v=GZgLJkj6m0A
It’s comforting to know that outstanding thinkers like Hayek or Benjamin Tucker arrived at some of the same conclusions as you.

Malthus0 December 14, 2011 at 1:46 am

@heathmoor I think Epstien overstates Hayek’s position with this quote ”as long as they’re not physically harming someone else”. Hayek used the term coercion in a more nuanced definition of coercion then just physical harm, & which may rule out patent rights and intellectual ownership as coercive in themselves. However Hayek was highly dubious about the economic benifits of patents. See Steven Kinsella’s posts on the topic on mises.org for the quotes.

Malthus0 December 14, 2011 at 2:44 am

@heathmoor Close; I have only corrected the youtube transcription up to 17:00 so far.

heathmoor December 14, 2011 at 2:50 am

Alan Ebenstein: “…Hayek argued that central planning authorities don’t develop that sort of planning ability, that they’re inevitably bureaucratic, and they prevent the new and the creative and the diverse from emerging, and that what you wanna do is to have a society in which individuals are free to do as much as what they want, whatever they wanna do, as long as they’re not physically harming someone else.” (16:25)
Aren’t patent rights and intellectual ownership against this philosophy?

heathmoor December 14, 2011 at 3:06 am

Alan Ebenstein: “…Hayek argued that central planning authorities don’t develop that sort of planning ability that they’re inevitably bureaucratic and they prevent the new and the creative and the diverse from emerging and that what you wanna do is to have a society in which individuals are free to do as much as what they want, whatever they wanna do as long as they’re not physically harming someone else.” (16:25)
Aren’t patent rights and intellectual ownership against this philosophy?

heathmoor December 14, 2011 at 3:20 am

The automatic YouTube transcription really sucks, I bet it starts at about 17:40
I wonder why I have it turned on in the first place. At times it’s hard to understand what Hayek is saying, but in this documentary he actually speaks very little.

heathmoor December 14, 2011 at 4:15 am

The automatic YouTube transcription really sucks, I bet it starts at about 17:40

heathmoor December 14, 2011 at 4:33 am

“on his side hayek extended nieces earlier argument that socialism was technically impossible” (17:42)
hahahahaha

heathmoor December 14, 2011 at 5:01 am

“on his side hayek extended nieces earlier argument that socialism was technically impossible” (17:43)
hahahahaha

heathmoor December 14, 2011 at 5:32 am

“on his side hayek extended nieces earlier argument that socialism was technically impossible” (0:17:43)
hahahahaha

heathmoor December 14, 2011 at 5:50 am

“on his side hayek extended nieces earlier argument that socialism was technically impossible”
hahahahaha

Hecydec December 14, 2011 at 6:32 am

hungary history develepment of custom tradition love hungarian any youtube video love to name help

Malthus0 December 14, 2011 at 6:39 am

@WTFisaSquaLL The subtitles are not finished yet. I am in the process of correcting the mistakes made by the automatic youtube transcription. When they are ready I will send out a bulletin and place an annotation at the begining of video.

WTFisaSquaLL December 14, 2011 at 7:33 am

Whoever did the subtitles needs to have his or her ear’s checked.

deannakogel December 14, 2011 at 8:30 am

Very grateful for your upload. I am passing it along

cherikandler December 14, 2011 at 9:16 am

great upload , many thanks .

AxiomaticLiberty December 14, 2011 at 10:12 am

Yay, more free knowledge. Kudos.

vailoseldon December 14, 2011 at 10:42 am

Thank you!

grraadd December 14, 2011 at 11:01 am

@grraadd
It must be it: The Intellectual Portrait Series: The Life and Thought of Friedrich A. Hayek (Indianapolis: Liberty Fund, 2003)

darek795 December 14, 2011 at 11:39 am

thanks

grraadd December 14, 2011 at 11:53 am

Great find!
Could you provide an original name and date of this video, please?

icelandthabest December 14, 2011 at 12:50 pm

Jim Yong Kim?
not Kim Yong Jim?
huh…

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