Macroeconomic Management After the Crisis - John Smithin

John Smithin explains that Keynes told Hayek that he agreed “morally and philosophically” with Hayek’s Road to Serfdom, but argued that the critical issue is where to draw the line between what government should and should not do. 

John Smithin, Professor of Economics at York University, speaking in the panel "Getting Back on Track: Macroeconomic Management After a Financial Crisis" at the Bretton Woods Conference on April 9, 2011.