Hayek and the Free Market
According to conventional wisdom, the 2008 financial crisis happened because markets were not regulated enough. But what if the opposite is true? What if excessive government meddling in business caused the crash? To better understand that avenue of thought, it's necessary to study the work of...
| Other Authors: | Films for the Humanities & Sciences (Firm), Infobase., Open University. |
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| Format: | Video |
| Language: | English |
| Published: |
New York, N.Y. :
Infobase,
[2013], c2012.
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| Physical Description: |
1 streaming video file (52 min.) : sd., col. |
| Series: |
Masters of money.
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| Subjects: |
| Summary: |
According to conventional wisdom, the 2008 financial crisis happened because markets were not regulated enough. But what if the opposite is true? What if excessive government meddling in business caused the crash? To better understand that avenue of thought, it's necessary to study the work of a classical liberal thinker whose reputation continues to grow, even in a post-crisis world that seems to place a premium on Keynesian solutions. Shot in London, Vienna, and across the U.S., this program looks at the extraordinary life and influence of the radical free-market economist Friedrich Hayek. Hearing from high-ranking bank officials, leading politicians, and a Nobel laureate about the development and implications of the Austrian-born scholar's philosophy, viewers are encouraged to ask why, despite his influence, no government has ever dared to fully implement the central tenets of Hayek's monetary theory. |
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| Item Description: |
Encoded with permission for digital streaming by Infobase on March 28, 2013. Films on Demand is distributed by Infobase for Films for the Humanities & Sciences, Cambridge Educational, Meridian Education, and Shopware. Free Market Visionary (2:54) -- 2008 Financial Crisis Predictable (2:35) -- Radical Rejection of State's Role in Regulating the Market (1:14) -- Early Influences on Hayek's Thinking (1:54) -- Market as Communications System (1:31) -- Ruinous Effects of Inflation (2:36) -- Boom and Bust (2:16) -- Beginning of Modern Monetary Policy (3:01) -- Cause of the 2008 Crisis (1:40) -- Cause of the 1929 Crash and Depression (1:04) -- Fight of the Century (2:53) -- Keynes Wins the Battle of Ideas (1:40) -- Keynesian Response to 2008 Crisis and Recession (2:04) -- Hayek's Greatest Insight (1:49) -- "The Road to Serfdom" (1:37) -- Hayek Strikes a Chord With Americans (1:50) -- Into and Out of the Wilderness (3:03) -- Postwar Keynesian Consensus Crumbling (1:54) -- Britain Moves Hayek's Way (2:19) -- Too Big to Fail (1:55) -- Hayek's Most Revolutionary Idea (2:34) -- Views on Government Control of Money (1:40) -- Monetary Architect Charged With Counterfeiting (1:14) -- Honors and Awards (2:09) -- Pretense of Knowledge (1:53) -- Credits: Hayek and the Free Market: Masters of Money--Three Economists Who Changed the World (0:41) Access requires authentication through Films on Demand. According to conventional wisdom, the 2008 financial crisis happened because markets were not regulated enough. But what if the opposite is true? What if excessive government meddling in business caused the crash? To better understand that avenue of thought, it's necessary to study the work of a classical liberal thinker whose reputation continues to grow, even in a post-crisis world that seems to place a premium on Keynesian solutions. Shot in London, Vienna, and across the U.S., this program looks at the extraordinary life and influence of the radical free-market economist Friedrich Hayek. Hearing from high-ranking bank officials, leading politicians, and a Nobel laureate about the development and implications of the Austrian-born scholar's philosophy, viewers are encouraged to ask why, despite his influence, no government has ever dared to fully implement the central tenets of Hayek's monetary theory. 9 & up. Mode of access: Internet. System requirements: FOD playback platform. |
| Physical Description: |
1 streaming video file (52 min.) : sd., col. |
| Format: |
Mode of access: Internet. System requirements: FOD playback platform. |
| Audience: |
9 & up. |
| Access: |
Access requires authentication through Films on Demand. |