About this show
Economics is everywhere...if only you choose to see it. Join the FEEcast team every Friday for a lively recap of the week's important stories to give you the meaning behind the headlines.
Featuring Richard Lorenc, Brittany Hunter, Dan Sanchez and Marianne March
Produced by Sean W. Malone, Pavel Rusakov, and Jaye Davidson
Hayek’s Powerful Critique of Socialism and Central Planning
July 27, 2018
F.A. Hayek was a creative genius who generated some of the biggest, most fascinating ideas in the social sciences. Most famously, he offered powerful critiques of central planning. His work on the “knowledge problem” demonstrated how socialism would be incapable of handling the mind-boggling complexity of the world. Only the distributed intelligence of the market is up to the task. And his classic book The Road to Serfdom showed that economic planning inexorably leads to misery and dictatorship. The FEEcast crew discusses the ideas of this profound thinker.