i'll final speaker is richard epstein, professor of law at new york university and director of the law and economics program at the university of chicago. professor epstein is a fellow of the cato institute and author of freedoms of law. the impact of these studies are e enormous and voted as one of the most influ enissue modern theorists of all times. >> thank you. i'll try to speak over the fan because technology failed at the cato institution, and to try to talk about hayek in the hayek auditorium is hard. in fact, i do not think of him as a dogmatic market type, but something trying to figure out how to take the native initiatives as a social democrat from austria and apply to them deals with the creation of property rights all the way through the financial markets. in order to do so, i'll pick up on themes mentioned here, and i do so to stress differences rather than similarities for a very simple reason which is the greatness of the work embodied in such ease sates like knowledge in set is induce piewtble, and what i want to do is indicate what i think need to be corrections in t

george soros and professor richard epstein. our first speaker is recent caldwell, currently professor of economics at duke university and direct her at the center for the history of political economy. he said editor of hayek's works of which this edition of "after words" is the volume published. caldwell himself is edited for hayek's most important works in5 the series among the new additions, he's also the author of an important study of hayek's thought, hayek's challenge an intellectual biography. all of us who appreciate hayek's contributions of the economic and social that to professor caldwell for having undertaken the editorship of the collective works. >> thank you for the very kind introduction. i'm going to talk a little today about how hayek came to write but i want to first recognize ronald of the editor of this magnificent volume. i felt that the collected works was very fortunate to be able to get someone who is on the scene with hayek published the book and indeed ronald didn't review editor of the new individuali