Ep. 1082 The Truth About F.A. Hayek
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 26 January 2018
⏱️ 35 minutes
🧾️ Download transcript
Summary
F.A. Hayek, illustrious member of the Austrian School of economics, won the Nobel Prize in 1974, and wrote prolifically on both economic and non-economic topics. He has been a source of controversy within libertarian circles because of some aspects of his work. Joe Salerno helps us sort everything out about this central figure.
Transcript
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| 0:00.0 | The Tom Woods Show, episode 182. |
| 0:03.5 | Prepare to set fire to the index card of allowable opinion. |
| 0:08.1 | Your daily dose of liberty education starts here, the Tom Woods Show. |
| 0:14.6 | Folks, if you thought Bernie Sanders and his ideas would just go away, boy, have you been proven wrong? |
| 0:20.1 | Best way to fight back? Grab my free e-book, |
| 0:23.0 | Bernie Sanders is Wrong, over at Bernieiswrong.com. Hi, everybody, Tom Woods here. We're going to talk |
| 0:29.4 | about F.A. Hayek today. We're going to talk about him as an economist and a social philosopher, |
| 0:34.1 | and try to get the true measure of the man. There's some debate about him and his legacy and |
| 0:40.2 | what he said and what he stood for and what his accomplishments were. We're going to try to |
| 0:43.9 | sort all that out today with Joe Salerno, who is academic vice president of the Meese Institute. |
| 0:48.9 | He's a professor of economics at Pace University. And he also holds the John Denson |
| 0:53.7 | chair in the economics department at Auburn University, and he also holds the John Denson chair in the economics department at |
| 0:56.1 | Auburn University. He is the author of Money, Sound and Unsound. We'll link to that at |
| 1:02.8 | Tom Woods.com slash 182. Joe, welcome back to the show. I'm happy to be here, Tom. Let's talk |
| 1:08.9 | about Hayek. Great. I had a bunch of listeners ask me about this, or not asked me, but there was a thread in our private |
| 1:15.4 | group about Hayek, because I think people just want to know what should I think about |
| 1:20.4 | Hayek. |
| 1:20.9 | He obviously makes important contributions, but then there are other parts of Hayek that are |
| 1:25.3 | downright maddening, and we want to know |
| 1:27.8 | how do we assess the guy overall. |
| 1:29.9 | So I'd like to start actually maybe with the dullest part, and yet in a way the most important, |
| 1:35.8 | if we can say something about Hayek's specific work in economics, because nearly all his |
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