This is the third and final hour of a three-part exchange between the late Friedrich von Hayek, economist and Nobel laureate, and the late Leo Rosten, author and social scientist. In this segment, von Hayek evaluates economic trends and comments on the direction in which he believed we were heading at the time. Additionally, von Hayek talks about his very brief foray into psychology, writing a book called “The Sensory Order.” Though not well received, it taught him a great deal on the methodology of science. He later wrote that the theory of complex phenomena is equally the product of his economics and psychology work. Listen to Friedrich von Hayek and Leo Rosten Part III.