The key book that led the conservative movement in the 20th century was “The Road to Serfdom” by the author F. A. Hayek. On the other end of the economic philosophical spectrum was John Maynard Keynes. These two economists were friends at Cambridge, but they were both battling for the economical worldviews of British leadership. Hayek’s book was made popular when Reader’s Digest chose to write a summary article of the book. This launch the conservative ideas into the public sphere, ultimately into popular reading of the intellectual American right. Accelerating the impact of Hayek’s book was Henry Hazlitt’s “Economics in One Lesson,” that was published a year later. These two books forced a complete rethinking of the war time economics and ‘the new deal.’
In this video, Gary DeMar interviews Dr. North (in six parts) about his brand new DVD series “The History of the Conservative Movement” (available now at AmericanVision.com). This is part five of the six parts of this interview.