Peter Boettke lectures on the basis of economics, the rational choice and the invisible hand explanation, and he presents a matrix for understanding economic schools of thought. He points out Friedrich Hayek's theory to understand the behavior of free markets, tested with experimental economics, emphasizing that the intelligence of the experiment lays in its institutional framing. Furthermore, he talks about the use and misuse of the equilibrium construct. Boettke analyses where economics went wrong and mentions the relevant debate among the ideas of highly acknowledged economists.