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…

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.

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.

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.