20 quotes
The difference between Hayek’s view and that of the logical positivists was that he moved in an idealist direction and they emphasized verification.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
While it is possible to imagine Mises without Hayek, it is not possible to imagine Hayek without Mises.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
Hayek never really departed from the essential economic theory that he developed during the 1920s, although he expanded and deepened his analysis.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
Among Mises’s greatest personal attributes was courage. He had the force of will and character to maintain a position that he thought true even if almost no one else did.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
Although Hayek ascribed a primarily monetary source to economic fluctuations, he was not a monetarist as this term came to be used.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
The question of Hayek’s relationship to the Chicago school of economics raises the anterior question of the Chicago school of economics itself.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
Hayek’s view was that all the knowledge that is possible of a circumstance is a theory of the circumstance—that is, there is no such thing as pure sensation. There is, rather, a theory of sensation.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
Hayek opposed not merely Keynes’s policy recommendations, but his technical method.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
Hayek’s ultimate social goal—his utopia—was the unification of all humankind in one society.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
Hayek’s approach was largely Burkean. He saw much good in inherited institutions, and yet, at the same time, he also saw the desirability and necessity of change.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
Friedrich Hayek was the greatest political philosopher of liberty during the twentieth century.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
Hayek possessed a towering intellect. At the same time, his intelligence was as much brittle as it was powerful.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
Hayek’s later monetary work constitutes some of his most creative practical policy suggestions. His ideas of competing and private currencies may come into existence during coming years for technological reasons.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
Keynes ultimately placed his hopes for good government in exceptional men. The focus in Hayek’s work was rules.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
Indeed, Hayek’s later monetary work constitutes some of his most creative practical policy suggestions, though his thought in the area was, by his own admission, undeveloped.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
The core ideas in Hayek’s metaphysical and methodological thought were, in the former, that reality is complex; and in the latter, that there should be some empirical corroboration for statements about events in the realm of nature.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
The time component of economic production became vital in Hayek’s work in economic theory. Essentially, his economic work could be said to rest on the idea that the price system is a method for coordinating economic activity through time.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
Leibniz reversed the traditional conception of mind and matter by applying attributes of matter (in terms of sensory experience) to mind. Mind is what it experiences. Every mind or soul becomes an independent attribute of the universe, divinely ordered or arranged. Leibniz’s focus truly was mind.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
His epistemology began from a phenomenalist base. The philosopher and physicist Ernst Mach was very important in Hayek’s development and to the atmosphere at the University of Vienna when Hayek was a student there.
Hayek's Journey: The Mind of Friedrich Hayek (2003)
The free market system is implied, Hayek felt, by his ontology in order to attain maximum human productivity, the highest standard of living for all—the utilitarian-liberal-socialist-communist-libertarian goal. The division and paucity of individual knowledge renders a market economy necessary for optimal economic productivity. The utilization and communication of information and knowledge are critical.
Hayek's Journey: The Mind of Friedrich Hayek (2003)