MPHTheProblemWithSocialJustice

Friedrich A. Hayek believed that the concept of social justice had evil effects on society and that it would have to be avoided in order to pursue progress through liberal ideas. In this video it is shown the Guatemalan case of central planning and government control, which proves Hayek’s predictions by the enormous amount of…

Leer más

MPHTheEconomicsOfKnowledge

Friedrich A. Hayek became part of the London School of Economics in 1929 and developed a philosophy in freedom, lead by his accurate thought towards the way humans act and express their decisions through markets.

Leer más

MPHOriginsInVienna

In the first video of this collection, Friedrich A. Hayek describes his early childhood in Vienna. He comments on pivotal events in his life as well as the social, political, and cultural context in which his views developed.

Leer más

MPHGroupTyrannyCanWeEscape

The social phenomena of group tyranny has depleting effects on individual development. Friedrich A. Hayek’s view on this social problem and the solutions through decentralized social cooperation are here discussed.

Leer más

The Process of Tyranny

This video examines Friedrich A. Hayek’s classic The Road to Serfdom, in which he describes the step-by-step process by which central planning leads to disaster. According to Hayek, the loss of liberty is a long process whereby one small intervention leads to another equally small intervention but results in a significant loss of liberty. The…

Leer más

The Complex Voluntary Society

The great social and economic thinker Friedrich A. Hayek was an economist, philosopher, and legal theorist who made significant contributions to numerous areas of social studies. Most importantly, he was an active and effective spokesman for the cause of liberty. Although his ideas were often controversial, they were always expressed in an academically rigorous and…

Leer más

The Economics of Knowledge

Economics is primarily about knowledge. Knowledge of prices, costs, and productive possibilities. According to Friedrich A. Hayek, no one person or institution has this knowledge; it exists in a dispersed form throughout the whole of society. And the point of having a market is to allow this dispersed knowledge to be coordinated. This video examines…

Leer más

The Inequalities of Equalisation

Inequalities are everywhere in society. Friedrich A. Hayek argued that a market system could not operate without some degree of inequality because some people’s earning power is greater than others. He explained that in a truly free market system, competition can gradually reduce inequalities. One of Hayek’s great contributions was to show how a free…

Leer más

The Problem with Social Justice

Friedrich A. Hayek believed the concept of social justice simply reflected what legislators and others believed was the “right” distribution of income. He argued that basic justice means respect for property rights, agreement to honor contracts, and giving each person his or her due. This video examines how central planning policies, large bureaucracies, and taxes…

Leer más

Group Tyranny: Can We Escape?

The social phenomenon known as group tyranny has negative effects on individual development. Friedrich A. Hayek’s thoughts on this social problem and how to solve it through decentralized social cooperation are discussed in this video. Hayek also examines the role of freedom in the extended order, its effects on progress, and the impact of the…

Leer más