00:01    |    
Initial credits 
00:06    |    
00:52    |    
Quote,  The Fatal Conceit: The Errors of Socialism,   Friedrich A. Hayek 
What is the fatal conceit? 
04:24    |    
Parallels between socialism and foreign interventions 
Parallel # 1: Intentions and results 
Parallel # 2: Reliance on top-down planning 
Parallel # 3: Progress as a technological issue 
Parallel # 4: Reliance on bureaucracy over markets 
Parallel # 5: The primacy of collectivism over individualism 
20:17    |    
Unconstrained vision of foreign intervention 
The knowledge of constraints 
Development programs well intended 
25:12    |    
The effects of foreign intervention
Lake Turkana example 
Helmand Valley example 
Foster development program in Afghanistan 
Perverse incentives effects 
35:17    |    
Quote, Louis Dupree   
35:46    |    
Quote, Nick Cullather 
36:10    |    
United States' intervention in Afghanistan 
38:45    |    
The designed orders 
The rules of the game 
42:16    |    
Implications of foreign intervention 
Quote, James M. Buchanan 
45:21    |    
46:13    |    
Question and answer period 
Would it be possible for economists or experts to give advice to governments seeking for solutions that will actually avoid making these kind of mistakes? What message would it be? What is the recommendation to economists and experts? 
Do the implementation of trade laws and regulations go against the idea of free market? 
01:04:12    |    
Final credits 




The Fatal Conceit of Foreign Intervention

08 de junio de 2011   | Vistas: 12 |   Designed Orders Foreign Intervention Free Market Freedom

Christopher Coyne points out why economics is crucial to foreign intervention. Many experts perceive the problems in the social order and their vision is a preferable state of affairs to solve them; however, the solution presented turns out to be worse than the actual problem. Coyne highlights the power of economics because it focuses on constraints and incentives. Coyne argues that the fatal conceit can be applied to foreign interventions that can go beyond the limits of what can be rationally constructed through human reason, stating that the ignorance in human limits turn to be the fatal conceit.

Christopher Coyne is the F.A. Harper Professor of Economics at the Mercatus Center and professor of economics at George Mason…


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín