"The great society became possible when, instead of aiming at known needs of known people, one is guided by the abstract signals of prices."
Friedrich A. Hayek
Interview with Leo Rosten, 1978
Introduction by Armen Alchian
The idea of capturing visually and orally the personality of Friedrich von Hayek, 1974 Nobel laureate, was so attractive that when the Earhart Foundation agreed to fund such an arrangement, the Pacific Academy for Advanced Studies was proud to undertake the pleasant task. No attempt was made in these interviews to restate or review Hayek's staggering intellectual accomplishments or his influence on contemporary understanding of social, political, and economic events.
Collection of interviews