Hayek: A Life, 1899–1950
Cato Event Podcast
00:00
The Pure Theory of Capital
Hayek worked for seven years on a book called the pure theory of capital that was meant to be a two volume work. Hayek would have come of age during this huge hyperinflation after World War I in Germany and Austrian government say they owed reparations coming out of the Dors plan. The idea that there's a supply side in the economy is something that was basically forgotten by Keynesians. He believes supply side economics is often regarded as a modern high-tech theory in many areas.
Transcript
Play full episode
