Friedrich Hayek Quotes


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Those environmentalists who take this view do not give credence to other alternatives. For example, the same argument of environmental decision-making could logically justify one superpower nation taking over the government of all others on the planet for environmental matters. Another possibility is that the existing mechanisms and the UN are sufficient if the major powers reach agreement. Another is that science and technology will provide solutions.


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.