Masters Of Money

In the second episode, BBC economics editor Stephanie Flanders turns her attention to the radical free-market economist Friedrich Hayek, who believed in the primacy of the market and that all attempts to regulate and control it were misguided and would end in failure.

In this three part-series, BBC economics editor Stephanie Flanders examines how three extraordinary thinkers, Keynes, Hayek and Marx, helped shape the 20th century and continue to exert a huge influence on the world today. In this time of economic crisis, economists and their ideas have never mattered so much and Flanders explores whether their theories were right. Masters of Money is a witty and provocative series that conveys complicated ideas in a lively and accessible way.