who was friedrich hayek and it's an honor to win this prize. >> it certainly is an honor, it certainly is profitable. >> society is more important than government. he wrote a great number of books. he taught at university of chicago for a while. he ended up in his hometown, not his hometown, dutch in germany, freiburg, which means free city which is perfect. he wasn't a conservative. he was a liberal, a libertarian. >> host: in your most recent book, "bourgeois equality: how ideas, not capital or institutions, enrichd the world" you talk about them as young hayek, middle-aged hike and old high-tech. did he change his opinion? >> guest: not too much. here's what happened. he was an economist economist. one of the leading economists in the world in the 1930s and 40s. he was commonly thought by everyone as john maynard keynes equal. but later in the '50s and 60s and 70s, he turned to philosophy, to political philosophy. i think that's the big change. it's not that he changed his opinions about what we unfortunately call capitalism. he thought it was a good thing. he thought that socialism

personal who was friedrich hayek? >> it was an honor and powerful. it was $50,000 in which as a poor retired professor i'm delighted to have. but hayek was an economist, winner of the nobel prize who was an austrian and who in the first world war had become an economist because he saw spontaneous order. he saw people cooperating who didn't speak the same language. he saw societies more important than government. so he wrote a great number of books. he taught at university of chicago for a while. he ended up in his hometown of -- tha at his hometown, that's n germany. freiberg which means free city, which is perfect. he wasn't a conservative. he was a liberal, a libertarian. >> in your most recent book, "bourgeois equality," you talk about him as young hayek, middle-aged hayek and older hayek. >> well, he was -- >> did he change his opinions? >> not too much. here's what happened. he was an economists economist or give one the leading economist in the world in the making 30s and 40s. he was commonly thought by edwin as john maynard keynes equal. and, b

politics -- i could not run for office explaining why my platform is based on friedrich hayek's "the fatal conceit." in politics, you have to do things differently. this gets to a larger point that i am actually grateful to donald trump about. the last three or four presidential election cycles, the republican primaries have been like a c-span version of a reenactment of the movie "spartacus." everyone gets up on stage and says, i am ronald reagan. no, i am ronald reagan. [laughter] -- just full disclosure -- i like ronald reagan. what has two thumbs and thinks ronald reagan is awesome? this guy. ronald reagan was put on this earth to do two things -- chew gum and kick ass and he ran out in about 1974. [applause] jonah: but what people do not appreciate about ronald reagan was that yes, ok, fine, here principles. love those principles, he was a conservative. love that. he was also a really good politician, and he understood how to talk to people and persuade them, and this is a huge part of problem with conservatism. and a huge part of the problem with a lot of the campus speakers th

personal who was friedrich hayek? >> it was an honor and powerful.t was $50,000 in which as a poor retired professor i'm delighted to have.

who was friedrich hayek and it's an honor to win this prize. >> it certainly is an honor, it certainlyis profitable. >>