Hayek delivered ………..

Friedrich Hayek as a Teacher by David Gordon 

Swaminathan S Anklesaria Aiyar writing on reviving Indian economy says “The immediate challenges include riding out the global recession and building on the rural development success. We are not in a cyclical Keynesian recession that can be ended by a stimulus or two. We are in a structural Hayekian recession, which requires painful elimination of global imbalances, especially excess spending in the US and excess saving in China.”