Oh, what a high life. As i say in the book, it was very much like an italian film, i thought, and he was [laughter] he wasnt yul brynner, he was omar sharif. So hard. When i came back, i couldnt tell anybody what really had happened because when i tried, they didnt understand or wouldnt believe me. I would say things like slavery. I saw slavery. I saucer havents treated like slaves servants treated like slaves. Id say the women, they had no value. We went to a maternity hospital, and there was a woman screaming and then it turned out that her husband, who would come, was fighting with the doctor in charge because the wife died, the baby was about to die. The father didnt want to have to pay for nothing. He said hes going to have to take a lot of money down to get a new wife for all his other kids, so why was the doctor demanding payment . There wasnt a single word, and i had my afghan husband translate all of this for me. There wasnt a single word, shes died, it this is terrible, im so
And were going to continue our discussion today by reviewing the works of Friedrich Hayek John Maynard Keynes and Milton Friedman whom i consider to be the three most influential economists of the 20th century and of the three, i really consider hayek to be the most influential. He addressed what i call the Knowledge Problem and this seems to me to be perhaps the most important contribution to economics since the time of adam smith. And this is what hayek had to say. About knowledge he said in economics, theres a problem of the division of knowledge. Which is quite analogous, too. And at least as important as the problem of the division of labor put forward by adam smith. But while the latter has been one of the main subjects of investigation ever since the beginning of our science. The former has been as completely neglected. Although it seems to me to be the really central problem of economics. As a social science the problem we pretend to solve is how the spontaneous interaction of
Discussion today by reviewing the works of Friedrich Hayek John Maynard Keynes and Milton Friedman whom i consider to be the three most influential economists of the 20th century and of the three, i really consider hayek to be the most influential. He addressed what i call the Knowledge Problem and this seems to me to be perhaps the most important contribution to economics since the time of adam smith. And this is what hayek had to say. About knowledge he said in economics, theres a problem of the division of knowledge. Which is quite analogous, too. And at least as important as the problem of the division of labor put forward by adam smith. But while the latter has been one of the main subjects of investigation ever since the beginning of our science. The former has been as completely neglected. Although it seems to me to be the really central problem of economics. As a social science the problem we pretend to solve is how the spontaneous interaction of a number of people each only po
And about World History is the way in which we discover how there are big patterns that in a sense rule our lives and big patterns that sometimes touch the life of an individual person or in which an individual person actually makes a big difference to the overall pattern and weve been reading a book Valerie Hansen voyages enrolled history, and we know from that book that theyre all kinds of big patterns and that its the job of students and professional historians to figure out what the big pattern is because in our lives so much of what happens is so complex and chaotic and quick that we can figure out. Whats the overall trajectory. So some of the patterns weve been looking at are things like the effect of the environment upon us. Whether its all the things that nature hurls at us whether its a hurricane or you know a flood or a famine or even tiny microbes that drastically affect people like ebola. Weve also looked at things that are like mechanical things or technological inventions
Ivory tower type economists. Host theres a picture in your boat here but is this . Guest this is a picture of my wife and i do in a waltz on a cruise ship and i thought i will dedicate this to my waltzing partner through life, my wife, joann scouts. Host the book that has been dedicated is a viennese waltz down wall street. Mark skousen is the founder of freedom fest and the author of this and many other books. This is booktv on cspan 2. Host the United States of paranoia is the name of the book. Heres the cover. The author is someone of recent. Mr. Walker, are americans prepared by people . Guest there has been paranoia at the heart of america for as long as there has been i cant speak to the recorded history. I assume there was paranoia that insert recent colonial days. Political paranoiac, cultural paranoia. I dont want that were more paranoid than any other country. The book is about america, so for all i know the french are paranoid people, but we are certainly scared. Postcode ju