all came from private donors to our passion about economic education. >> you are a hayek follower. >> we try to give keynes due. we tried to be honest. he looks better. he has all kinds of classes but we actually do like hayek. coming to george mason has a strong interest and austrian economics, my last book is intent to bring the ideas of microeconomics into a fictional context. >> let's see some more video. ♪ >> what does it say on the back of this? >> this is my proudest contribution to the economy of the video. the day essentially had a version of the debate 100 years before hayek and keynes. it was back and forward. it will not stop. it did not start with them. the debate went that he believed to can have a general collection of goods. there can be over production and insufficient demand for goods in general could cause a recession. that is what a recession was. on the other side, he said spending is not the nature of prosperity or the service of our purchasing power. the first has to produce something that someone wants. only do that you have the means to purchase other things. i go to my job and mak

in the atlantic of the road to serfdom, worries that hayek talks a good landing impact planning, but doesn't tell us how to distinguish the two. keynes in his famous letter to hayek, that he wrote honestly two britons would said you admit your narrative the question of knowing where to draw the line. you agree the line has to be drawn somewhere in the logical extreme is not possible, but you give us no guidance whatever proper to drive. it may well be he was responding to this approximate cost to some coming from the great critique of central planning in the right to serfdom, but is your preferred society? what is the preferred to? is that the proximate cause, i think so but this actually is a book that is the logical conclusion of a project that hayek started as far back as 1937. he started writing in 1939, but never finished. he called this project the abuse and define the region project. it was his war effort.q. he worked on it diligently to about the middle of the war and he was to be two volumes. the first volume he was going to trace the spread of two ideas that he thought were bad ideas. socialism and scientism. and how they g