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Pete Boettke - Is Hayek Still Relevant?

The Curious Task

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The Importance of Innovation in the Economy

A lot of people have a Ludditeism associated with the idea that existing jobs are being substituted for by machines. But I think if we could unleash the creative powers of a free civilization, like Kyac says, this is the Ridley, you know, point, you can end up by actually having this tremendous growth. And this growth would actually end up by being able to, you know,. pay off this stupidity, that we have and get rid of it.

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