Friedrich Hayek Quotes


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He was elected to Parliament while in jail and never took his seat as he died of a hunger strike in jail.


This was the speech that started the "Black Power" Movement. The rally was held in a city park to Protest the murder just 10 days before of the civil rights activist, James Meredith. It also marked the break between the Student Nonviolent Coordinating Committee (SNCC) and the nonviolent movement lead by Martin Luther King. Because of that, the speech received so much publicity that "Black Power" became a significant political term instantly.


Friedrich Hayek
Friedrich Hayek
  • Born: May 8, 1899
  • Died: March 23, 1992
  • Nationality: Austrian
  • Profession: Economist

Friedrich August von Hayek CH FBA, often referred to by his initials F. A. Hayek, was an Austrian-British economist and philosopher who is best known for his defence of classical liberalism. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for his "pioneering work in the theory of money and economic fluctuations and [...] penetrating analysis of the interdependence of economic, social and institutional phenomena". His account of how changing prices communicate information that helps individuals co-ordinate their plans is widely regarded as an important achievement in economics, leading to his Nobel Prize.