r/Classical_Liberals • u/punkthesystem Libertarian • 23d ago

Rediscovering F. A. Hayek: 50 Years After the Nobel Video

https://www.libertarianism.org/videos/rediscovering-f-hayek-50-years-after-nobel
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u/punkthesystem Libertarian 23d ago

Brief documentary on the intellectual life and legacy of Hayek, 50 years after he won the Nobel Prize in economics. Features commentary from Bruce Caldwell, Don Boudreaux, and Deirdre McCloskey.

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u/Snifflebeard Classical Liberal 22d ago

What makes him different from other Austrians is:

  • Focus on emergent orders. Other economists had danced around this, but Hayek was the first to focus clearly on it.

  • Free banking. To the detriment of Purist(tm) Rothbardians, Hayek built upon Menger, Bohm-Bawerk, and Mises to work on the economics of free banking.

  • His steadfast refusal to call people "socialist" over minor disagreements on economic methodologies. /snark