Quotes About Friedrich Hayek

If you look underneath the surface of the Tea Party movement, on the other hand, you will find that it is not sophisticated. It's not like these people have read the economist Friedrich August von Hayek.

Even as I pursued a doctorate in the history of ideas in my native Denmark, I realized I had neither the encyclopedic training nor the passion for cool logic - not to mention the nerve - to follow in the footsteps of classical liberal philosophers and economists such as Robert Nozick, Friedrich Hayek, and Milton Friedman.

They had stumbled on what Friedrich Hayek called the catallaxy: the ever-expanding possibility generated by a growing division of labour.

Friedrich Hayek argued, knowledge is dispersed throughout society, because each person has a special perspective. Knowledge can never be gathered together in one place. It is collective, not individual.

As Friedrich Hayek first clearly saw, knowledge 'never exists in concentrated or integrated form but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess'.

Conservatism, in its original sense, has no specific ideological content at all, since everything depends on what one is trying to conserve. In the last days of the Soviet Union, for example, those who were trying to preserve the existing Communist regime were rightly referred to as "conservatives," though what they were trying to conserve had nothing in common with what was advocated by Milton Friedman, Friedrich Hayek or William F. Buckley.

The source and root of all monetary evil [is] the government monopoly on the issue and control of money. —Friedrich Hayek

As far as I can find, almost no one in the profession - not even luminaries like John Maynard Keynes, Friedrich Hayek, or Irving Fisher - made public statements anticipating the Great Depression.

The concept of scientism was introduced by 20th-century economist Friedrich Hayek.4 He observed that, too often, the methods and language of science are imitated by institutions and systems not engaged in science, such that the resulting efforts are generally not scientific at all.