Twenty-five years ago today, on March 23 1992, Friedrich August von Hayek died. Winner of the 1974 Nobel Memorial Prize in Economic Sciences, Hayek was an Austrian / British liberal. I consider him to be not just one of the greatest economists of all times but one of the world’s most enlightened social thinkers.
Reading Hayek makes me marvel at the heights that human intellect is capable of. Compared to him, some of the most renowned economists appear to be pygmies. I feel sorry that most people — even those who claim to be economists — have not even heard of him, let alone read him. Here are a few excerpts, from Hayek and about Hayek.