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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.

— Alan O. Ebenstein Hayek's Journey: The Mind of Friedrich Hayek (2003)

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More quotes by Alan O. Ebenstein

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)

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Quote text and notes from Wikiquote: Alan O. Ebenstein (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.