Austrian School of Economics Quotes

The modern history of economic theory is a tale of evasions of reality.

Economics departments are dominated by Marxism, which is taken straight or on the rocks, in the form of Keynesianism.

Friedrich Hayek is not an important figure in the history of macroeconomics.

Hayek is amongst the top 2-3 of the all the people who ever influenced me.

.. the most intelligent defender of capitalism in the modern period is Friedrich Hayek.

When you grow up in the Soviet society under the communists you heard about the one man who is especially dangerous, especially crazy, and absolutely mad, and which would destroy all the human beings and the economies and so on, and this man was called Milton Friedman.

Friedrich Hayek, who died on March 23, 1992 at age 92, was arguably the greatest social scientist of the twentieth century. By the time of his death, his fundamental way of thought had supplanted the system of John Maynard Keynes - his chief intellectual rival of the century - in the battle since the 1930s for the minds of economists and the policies of governments.

No one has characterized market mechanisms better than Friedrich von Hayek.

Ever read any [Friedrich] Hayek? He's great. The Road To Serfdom is like... I'm not a big political-science reader, but I actually dog-eared my copy. I ended up going back through it and writing a précis, I was so impressed by this book. It's all about what happens when government tries to make everything right.

F. A. Hayek is probably the most prominent advocate of capitalism in the present period.