James Buchanan interviews Friedrich A. Hayek (Part II)

Dr. Hayek gives anecdotes on his interactions with colleagues, including Frank Knight, Max Weber and Ludwig Wittgenstein. His ideas in psychology from his book The Sensory Order, are examined. The socialist calculation debate is revisited, along with the role of governments in causing inflation and the business cycle, in addition to the importance he attaches to subjectivism in economic analysis. Other topics covered include the influence of religion and the reception of The Road to Serfdom.