An 1980 interview with Hayek

This is a Friedrich Hayek interview by Bernard Levin at the University of Freiburg which was broadcast in May 1980. Hayek was, in my professional opinion, one of the greatest economists of all times. We are wonderfully privileged to be able to watch videos of his brilliant exposition on the web. I am also impressed … Continue reading An 1980 interview with Hayek

Margaret Thatcher’s Tribute to Friedrich von Hayek

To mark the 75th anniversary of the publication of Friedrich Hayek's The Road to Serfdom, several of Hayek's personal items were auctioned at Sotheby's in London on March 19th. Hayek, together with Gunnar Myrdal (the economist from the opposing camp), was awarded the "Nobel Memorial Prize" (not really a Nobel prize) in 1974. At Sotheby's … Continue reading Margaret Thatcher’s Tribute to Friedrich von Hayek

Hayek on Liberty

18 Hayek Quotes That Show the Importance of Liberty by Gary M. Galles May 8th marked Friedrich Hayek’s birthday. Called “the most prodigious classical liberal scholar of the 20th century,” Milton Friedman explained his importance: Over the years, I have again and again asked fellow believers in a free society how they managed to escape … Continue reading Hayek on Liberty

In Celebration of Friedrich August von Hayek

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 … Continue reading In Celebration of Friedrich August von Hayek

Hayek on the Abstract Rules of Just Conduct

Hayek's monumental work "Law, Legislation and Liberty" contains deep insights into what the proper functions of governments are, and how they should be understood and implemented. Every paragraph is worth quoting in full. But here are a few select bits extracted from the 3-volume work to give you a sense of Hayek's ideas. . . … Continue reading Hayek on the Abstract Rules of Just Conduct

Hayek on the Decay of Democracy

Friedrich Hayek's Law, Legislation and Liberty. Vol. 3 The Political Order of a Free People. 1979. Chapter 13, "The Division of Democratic Powers." Pg 31-32. A system which may place any small group in the position to hold a society to ransom if it happens to be the balance between opposing groups, and can extort … Continue reading Hayek on the Decay of Democracy