F A Hayek

F A Hayek

Famous for defending classical liberalism and free market capitalism against collectivismn and influencing the economic policies of Great Britain and the United States during the 1980s, Hayek was a Nobel Prize winner and recipient of the U.S. Medal of Honour from George W Bush.

Main Ideas
  • Central planning leads to totalitarianism.
  • Money needs to be regulated.

Famous Works
  • The Road to Serfdom
  • The Constitution of Liberty
  • Why I Am Not a Conservative

Famous Statements

"Probably nothing has done so much harm to the liberal cause as the wooden insistence of some liberals on certain rules of thumb, above all of the principle of laissez-faire capitalism."

Personally I prefer a liberal dictator to democratic government lacking liberalism.

Interesting Trivia

Hayek was born in Austria to a family of wealthy academics. He was decorated for bravery in World War I, and his experiences there led him to devote his life to fixing the political problems that had led to war. He moved to Great Britain where he became a notable economist, and he refused to return to his homeland after it was taken over by Nazi Germany.

Last modified: Monday, 9 March 2020, 7:42 PM