Hayek

Image for HayekNot currently available on BBC iPlayer

Episode 2 of 3

Duration: 1 hour

According to conventional wisdom, today's global financial crisis happened because markets were not regulated enough. But what if the opposite is true? That it was excessive government meddling in the markets that caused the crash?

In Masters of Money produced in partnership with The Open University, BBC economics editor Stephanie Flanders examines the extraordinary influence of three intellectual titans - Keynes, Hayek and Marx and shows how they shaped the 20th century and continue to have a huge impact on our world today.

Stephanie turns her attention to the radical free-market economist Friedrich Hayek. Travelling from London to Vienna and America, she unravels the extraordinary life and influence of the only free-market thinker whose reputation has grown post-crisis.

With contributions from Central bankers, politicians and a Nobel laureate, she explores why despite his enormous influence, no government has ever dared to fully implement Hayek's solution to the problems of capitalism - set it virtually totally free from state control.

Credits

Presenter
Stephanie Flanders
Presenter
Stephanie Flanders
Producer
Tristan Quinn
Producer
Tristan Quinn
Director
Tristan Quinn
Director
Tristan Quinn
Executive Producer
Dominic Crossley-Holland
Executive Producer
Dominic Crossley-Holland

Broadcasts

Learn More with The Open University

OU on the BBC: Masters of Money

Can you spot an invisible hand and unravel the paradox of thrift?

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Added. Check out your playlist Dismiss