Thomas Sowell: The Socialism Of Free College

of 19, Hayek started to attend the University of Vienna. While attending there, he received doctorates in law (1921) and political science (1923). During that time, Vienna was one of the top three universities for studying economics. Hayek went to college right after World War I, when Vienna was in poor conditions. Hayek hoped to better improve the social conditions in Vienna. During his time in Vienna, Hayek attended Mises’s private seminars, Privatseminar. Hayek became the director of the Austrian

political influence. Yet, it is as Thomas Sowell stated in his book The Housing Boom and Bust that, “There was no single dramatic event that set this off… A whole series of very questionable decisions made by many people, in many places, over a period of years, built up the pressures that led to the sudden collapse of the housing market and of financial institutions that began to fall like dominoes as a result of investing in securities based on housing prices.” Sowell continues, “The causes of the housing