NARRATOR: When Hayek moved back to his native Austria, he was depressed.

旁白：哈耶克回到他的祖国奥地利的时分，他非常沮丧。

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DANIEL YERGIN: It was only when Hayek was a very old man that his ideas began to prevail and the world began to change.

丹尼尔·尤金：直到哈耶克到了耄耋之年他的思想才开始流行，而世界也开始改变了。

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NARRATOR: Most people would have agreed with Keynes when he wrote this to Hayek.

旁白：在凯恩斯写这些给哈耶克的时候多数人同意凯恩斯的观点。

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Politicians had some sympathy with that view in the 1930s, when Hayek's arguments often did get a better hearing than Keynes'.

BBC: Masters of Money: Friedrich Hayek

When Hayek, the famous Austrian school economist, published The Constitution of Liberty in 1960, he was not focused on reforming communications law and policy.

FORBES: Applying Hayekian Principles To Communications Policy

But the idea dates back to the early 1970s, when economist Friedrich Hayek first proposed the denationalisation of currencies.

BBC: Make foreign currencies legal in UK - Douglas Carswell