The Inequalities of Equalisation

Get the Flash Player to see this player.

Share segment:

Copy and paste this link to an email or instant message
[Hide] Right click this link and add to bookmarks:
Dock windowSearch
Loading ...

Friedrich A. Hayek
1994 | Atlas Economic Research Foundation (UK) | Duration:..

About this video
Inequalities are everywhere in society. Friedrich A. Hayek argued that a market system could not operate without some degree of inequality because some people’s earning power is greater than others. He explained that in a truly free market system, competition can gradually reduce inequalities. One of Hayek’s great contributions was to show how a free market reduces inequalities more effectively than political measures, which try to do so through privileges. In this video, competitive sport is used to analyze Hayek’s thoughts on inequality, privileges, risk, and wealth redistribution.
Atlas Economic Research Foundation (UK)
Digitized by New Media-UFM.  Guatemala, March 2011
Director: Suzanne Campbell-Jones; narrator: Eben Wilson; Hayek: Wolf Kahler; research: Kate Riley, David Mansanares, Sarah Penny, Peter Watts; stills research: John Raybould; production manager: Deborah Kermode; production accountant: Rebecca Philpott; sound: Steeve Beech, John Collins, Alfonso Porres, Mark Ritchie, Eric Williams; dubbing mixer: Andrew Sears; camera: Jeff Cordia, Guillermo Escalon, Chip Goebert, Tim Johnson, Tom Zannes; on-line editor: Bill Ogden; editor: Paul Bernays; written and produced by: Eben Wilson

Conversion: Mario Estrada; index: Stephanie Araneda; content reviser: Sofía Díaz; publication: Daphne Ortiz, Sofía Díaz
Videos in this collection
Documentary produced by Adam Smith Institute
Collection of interviews produced by The Institute of Economic Affairs in 1997
Dock windowContent
Initial credits
Introduction by Norman Barry
Action of individuals
Rewards in markets
Shifting patterns through advantages
The flaws of redistribution 
Post-World War II
Mont Pelerin Society
Competitive sports and Hayek's ideas
Quote, Friedrich A. Hayek
Using reason to understand wealth inequality
Quote, Friedrich A. Hayek
Final credits

Courtesy of the
Atlas Research Foundation (UK)

Hosted by
Universidad Francisco Marroquín

Content on this site is licensed under a Creative Commons License
@ 2011 Universidad Francisco Marroquín,