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Hayek on Socialism

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Uploaded on Aug 21, 2009

Friedrich Hayek talks about socialism.

For all major works on economic calculation see here
https://sites.google.com/site/malthus...

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/individualisman...

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://www.youtube.com/user/economics...

As a side note; any viewers who have the objection that what Hayek is talking about is not 'socialism' read pages 33, 34 & 35 of the Road to Serfdom for Hayeks clarification of his use of the term.

Click link for audio of those pages -

http://www.youtube.com/watch?v=Gle2qT...

This is an excerpt from a longer interview which can be found here

http://www.vimeo.com/4063439

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