Our apologies to those who came expecting the usual morning laugh but today , May 8th , for Friedrich A Von Hayek’s birthday , we have chosen to honor him throughout our daily posts , thus we present for your enjoyment an animated biography of one of the world’s greatest thinkers .
Friedrich August Von Hayek: (1899-1992)
” This is a project of the famous free market economist Friedrich von Hayek who lived a very long time. Enjoy!
Created at http://goanimate.com/ ”
“ Peter Lewin posted some very interesting commentary of Richard Epstein’s distinguished scholar lecture at on-going Southern Economics Association (SEA) meeting. I had the opportunity to hear Epstein several years ago at the Association of Private Enterprise Education meeting and hardily agree with Peter’s assessment that “To hear Epstein talk is awe-inspiring. Hard to describe. Always without notes he delivers intricate, clever, funny, insightful prose without hesitation, seamlessly weaving his web of logic, backwards and forward, while making knockdown points.”
Distinguished Guest Lecture:
“The Implications of the Recent Election for Economic Freedom”
The University of Chicago
Friday, November 16th
” This afternoon I heard Richard Epstein talk on the implications of the recent election for the economy. He gave the annual distinguished scholar lecture as the SEA meetings. To hear Epstein talk is awe-inspiring. Hard to describe. Always without notes he delivers intricate, clever, funny, insightful prose without hesitation, seamlessly weaving his web of logic, backwards and forward, while making knockdown points. “
“Had he not passed away at the tender age of 92 in 1973, Ludwig von Mises would have turned 131 years old today(ed. note Sept 29th). In my humble opinion, he was the greatest social thinker of the twentieth century. In a series of breakthrough contributions like The Theory of Money and Credit, Socialism: An Economic And Sociological Analysis, Human Action (his magnum opus), and Theory and History–to say nothing of a series of smaller and no-less-insightful works like Bureaucracy and Omnipotent Government–Mises developed theories of economic growth and business cycles that are relevant today. One of the wonders of the modern world is that his major contributions are available to be perused or downloaded from the institute bearing his name or from the Liberty Fund. Today, anyone with access to an internet connection can access his works with little or no trouble. Anyone with a USB drive can carry his greatest works on a keychain.
The progress that made this possible wasn’t an accident, and it wasn’t random. Indeed, this brings us to Mises’s greatest contribution: his demonstration that socialism cannot function as a rational economic system and that private ownership of the means of production is necessary if value is going to be maximized and waste is going to be minimized in the production process.”
An Economic Giant
” Friedman, indeed, is one of the few scholars whose receipt of the Nobel Prize in Economics – which he received in 1976 – did at least as much to bestow prestige on that award as that award did to bestow prestige on him. (The first Nobel
Prize in Economics wasn’t awarded until 1969.)
Friedman’s stupendous scholarly achievements alone justify commemoration of the centenary
of his birth. But at least as important as Friedman’s scholarship was his lucid and energetic public advocacy of limited government and free
markets. He explained with unmatched clarity how a modern economy’s complexities,nuances, and dynamism almost always thwart even the best-intentioned efforts by government officials to intervene into markets. “