Available online
Description
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? 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.
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? 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.
| Series: | Masters of money |
|---|---|
| First transmission date: | 24-09-2012 |
| Original broadcast channel: | BBC2 |
| Published: | 2012 |
| Rights Statement: | |
| Restrictions on use: | |
| Duration: | 00:59:06 |
| + Show more... | |
| Producer: | Tristan Quinn |
| Presenter: | Stephanie Flanders |
| Contributors: | Bruce Caldwell; Esca Hayek; John Papola; Jeffrey Sachs; Peter Schiff; Bruce Caldwell; Richard Zundritsch; Alistair Darling; Paul Volcker; Paul Krugman; Nicholas Wapshott; Ron Paul; Mervyn King; Phillip Booth; Nigel Lawson; Charles Moore; Chris Patten; Bernard Von Nothaus |
| Publisher: | BBC Open University |
| Link to related site: | BBC Website: http://www.bbc.co.uk/programmes/b01mzqw9 OU Website: http://www.open.edu/openlearn/whats-on/tv/ou-on-the-bbc-masters-money |
| Production number: | FKAY813L |
| Videofinder number: | 82901 |
| Available to public: | no |
