How do you differ from Hayek's interpretation of Mandeville?

0:00One of the places where I differed with Hayek strongly in the history of score is the status of Mandeville. Bernard Mandeville was a Dutch physician who lived in London most of his life, who wrote a fable of the bees and other such fables, which Hayek claims to be the origin of the idea of spontaneous order and how free market works and so forth. No, I disagree with that totally. I think the Weiner position, which was the Hutcherson position, which was that essentially Mandeville was not only a status but also The Federal Reserve is sort of a pre-Keynesian plea for the glory of consumption.