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I don't know if porn this enticing can be ethically left on the internet.

Ars longa, porn brevis.

The University of Salzburg would not sell his library back to Hayek! How petty of them.

For those interested, here are pdfs of volumes 1 and 2 of Hayek's copy of "The Wealth of Nations":
http://www.ubs.sbg.ac.at/pdf/AC01125362.pdf
http://www.ubs.sbg.ac.at/pdf/AC01125369.pdf

No Hayek notes in volume 1. (At least I didn't see them in the text.) I am afraid to look at volume 2 -- Why would he make marks in this valuable edition???!!!! Yeah, he is Hayek -- but not Adam Smith!!!!!

Since no one else is mentioning it, I thought I'd mention that the speaker in this video falsely describes Hayek as a "social Darwinist." There were, of course, some social Darwinists -- who held that variation and competition among individuals lead to individuals who were biologically more fit for survival. But that, of course, was not Hayek's story. For Hayek's story focused on cultural evolution through which institutions and rules that were more apt to be beneficial to all individuals within a society emerge and take hold. The fitness resides in the institutions and rules not (biologically) in individuals. Moreover, Hayek repeatedly emphasized that it was inappropriate to label his sort of position as any type of Darwinism. This was because Darwin himself had (in part)been lead to his evolutionist account of biological phenomena by Scottish Enlightenment evolutionist accounts of social and economic phenomena. Darwin was a biological Smithian.

It is unfortunate that the Social Darwinists were who they were, because true social Darwinism would resemble nothing like it -- and more resemble Hayek's spontaneous order story.

Funny. This is adventure sequence only an economist could love.

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