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Who IS Friedrich Hayek? Bruce Caldwell has spent the last several decades investigating the nuances of the life and legacy of this great mind. In this episode he shares some of the key insights he has learned along the way, what is often misunderstood, and what Hayek can still teach us as we confront today's social challenges. Caldwell serves as the general editor of the collected works of Hayek, is a Research Professor of Economics and Director of the Center for the History of Political Economy
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Friedrich Hayek argued that no single person can ever possess enough knowledge to plan society from the top down. He called this the knowledge problem. Because knowledge is dispersed across millions of individuals, Hayek believed the free market is the best tool we have for coordinating it. #Spontaneous #Complex #Liberty #FreeMarket #Philosophy #Economics #ClassicalLiberal #Hayek #Freedom #Libertarian | Libertarianism.org
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