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It is Kai Weiß' turn again and he presents a hommage to Carl Menger, the founder of the Austrian School and what Hayek has to say about him. 2021 is a special Menger year: we celebrate 150 years of his opus magnum, the Principles of Economics, and commemorate 100 years of his death. Hayek held Menger in high esteem, he praised him for defining the fundamentals of the Austrian School and thus revolutionizing the science of economics. The two economists agree in many respects, but differ in others. They agree on "organic institutions" (Menger) which is similar to the spontaneous order" (Hayek). Check out Kai's talk about Hayek's Theory of Spontaneous Order: • Spontaneous Order - Hayek's most important... *** If you read German then check out our institute's latest publication called "Carl Menger: Forscher, Lehrer und Revolutionär der Wirtschaftswissenschaft": https://www.hayek-institut.at/buch/ca... *** Kai Weiss is research and outreach coordinator at the AEC, Kai is also a board member of the Hayek Institute. *** Please don't forget to like and subscribe! If you're really enjoying our work and would like to help out, then consider donating to the cause: https://www.austriancenter.com/suppor... Every little bit helps us immensely. *** Check out our website for more great content: https://www.austriancenter.com/ Stay up to date by signing up for our newsletter: https://www.austriancenter.com/newsle... Follow us on Twitter: / austriancenter Follow us on Facebook: / austrianeconomicscenter Follow us on Instagram: / austriancenter