The new economic growth theory has put forward many economic growth models, but these models all neglected the evolution of economic institutions and the technological progress.

新经济增长理论提出了许多经济增长模型，然而这些模型都忽视了制度演进与技术进步。

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Standard economic growth theory assumes that institutions are a bundle of given policies, and no trade-off cost are incolved, and thus they are not important for economic growth.

标准的经济增长理论把制度看作是既定不变的并且不存在交易费用的，所以无法认识到制度对经济增长的重要性。

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In them, Hayek discusses the intellectual history of the 19th and 20th centuries, his scholarship, his own life and practices, economic theory, legal institutions and virtually everything else he wrote about over the course of a long and distinguished career.

FORBES: Conversations with Friedrich Hayek