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Pete Boettke - Is Hayek Still Relevant?

The Curious Task

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The Importance of Hayek in Economics

Robert Lucas was revolutionizing economics right before I started graduate school. He said, what we teach on Monday night in microeconomics has to somehow square on Wednesday night with macroeconomics. So that was called the micro foundations of macroeconomics literature. And so now the dots started to connect for me, like you were saying, of, okay, Bumbabricks capital theory and Hayek's price system.

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