Comments on: Hayek on Firing Line http://consultingbyrpm.com/blog/2010/07/hayek-on-firing-line.html The personal blog of economist RPM Wed, 23 May 2012 00:28:56 +0000 hourly 1 By: Bob Roddis http://consultingbyrpm.com/blog/2010/07/hayek-on-firing-line.html#comment-4229 Bob Roddis Fri, 30 Jul 2010 10:43:41 +0000 http://consultingbyrpm.com/?p=2820#comment-4229 One can download an entire written transcript of the show here: http://hoohila.stanford.edu/firingline/programView.php?programID=744 Or here: http://hayekcenter.org/?p=2701 The transcript of this clip is on page 3. Hayek also has some interesting things to say on page 4. The rest of the show is really not about Austrian Economics. Note that there are many mistakes in the transcript. You can download the clip by right-clicking on the words "this one" above and selecting "save target as". I had made this recording with my trusty student cassette recorder back in 1977. I found the cassette in my attic in 2008. The importance of the clip is that Hayek is saying that “The General Theory” was an ad hoc theory designed to induce a policy in Great Britain of inflation in order to trick workers into accepting lower wages because forcing lower wages on them was otherwise politically impossible. One can download an entire written transcript of the show here:

http://hoohila.stanford.edu/firingline/programView.php?programID=744

Or here:

http://hayekcenter.org/?p=2701

The transcript of this clip is on page 3. Hayek also has some interesting things to say on page 4. The rest of the show is really not about Austrian Economics. Note that there are many mistakes in the transcript.

You can download the clip by right-clicking on the words “this one” above and selecting “save target as”.

I had made this recording with my trusty student cassette recorder back in 1977. I found the cassette in my attic in 2008. The importance of the clip is that Hayek is saying that “The General Theory” was an ad hoc theory designed to induce a policy in Great Britain of inflation in order to trick workers into accepting lower wages because forcing lower wages on them was otherwise politically impossible.

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