New Economic Thinking Needs Old Ideas

New Economic Thinking Needs Old Ideas

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video explores the historical and intellectual journey of economist F.A. Hayek, highlighting his methodological contributions and debates with contemporaries like Keynes. It delves into Hayek's experiences in 1920s New York, his influence from Enlightenment thinkers, and his impact on modern economists. The speaker also discusses the importance of historical context in labor economics and the evolution of economic ideas.

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4 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways did Hayek challenge the prevailing economic theories of his time?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the significance of Hayek's 'Road to Serfdom' in his body of work?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What were Hayek's views on the differences between the French and Scottish Enlightenment?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How did Hayek view the role of institutions in economics?

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