Alan O. Ebenstein Quotes

Hayek opposed not merely Keynes’s policy recommendations, but his technical method.

Hayek’s ultimate social goal—his utopia—was the unification of all humankind in one society.

Expressed egotism is, of course, no reason necessarily to disregard someone’s work, but it is a warning signal. If someone can evaluate his work so poorly, is the work itself likely to be better? In many of his areas of intellectual interest, Popper’s work is wanting.
Hayek did more to advance Popper professionally early in his career than anyone else, and Popper remembered his personal debt to Hayek. Over the years, he wrote him a number of appreciative letters.

Hayek’s view was that all the knowledge that is possible of a circumstance is a theory of the circumstance—that is, there is no such thing as pure sensation. There is, rather, a theory of sensation.

Hayek possessed a towering intellect. At the same time, his intelligence was as much brittle as it was powerful.

Hayek died in Freiburg, Germany, on March 23, 1992, less than two months shy of his ninety-third birthday. After 1985, he was unable to work and lost contact with almost all friends and associates. In his last years, almost the only people with whom he had regular contact were his wife, Helene; secretary Charlotte Cubitt, whom he always called “Mrs. Cubitt”; children Larry and Christine Hayek; and Bartley. Hayek was grateful to Cubitt for her assistance from 1977 to 1992. He inscribed in her copy of The Fatal Conceit in 1990: “In gratitude for all her help over so many years F. A. Hayek.”
During his last years, he had periods of more and less lucidity, as well as being ill and depressed. Lord Harris of the Institute of Economic Affairs wrote in his obituary of Hayek that “by 1989 the great man had lost touch with affairs.” He was buried in Vienna, the place of his birth.
[...] Friedrich Hayek was the greatest political philosopher of liberty during the twentieth century.

Hayek’s work in philosophy can be considered from another perspective than its methodology. When Hayek wrote that his philosophical studies should precede his political studies, he meant that in order to explain the sort of political system he favored, it was necessary to have greater understanding of the transmission and communication of information and knowledge. This is why he wished to travel to Italy and Greece. He thought that he might understand nonverbal knowledge better in doing so and might better understand the role of institutions in transmitting knowledge and information.

Stemming from the Germanic philosophical heritage, Hayek was likely to place more emphasis on the act of knowing than on objects themselves. Hayek ultimately followed Kant in his ontological conception of reality—he thought that mind impresses order on existence.

Hayek’s move from economic theory to political philosophy was a natural evolution in his ideas. First, he considered the influence of prices in production.Then he considered the larger question of the role of prices in social life. The conclusion he reached was that law should guarantee to each person a protected sphere within which each could live as much as possible as he pleased. Later in his career, he progressed to the idea that whole societies through their customs, morals, and rules are engaged in macrocompetition, the survivor of which would possess the customs, morals, and rules that are the most materially productive and result in the highest standard of living for the most—the economist’s goal.

Government creates the market and law. Law is not the negation of liberty; it is its fulfillment. Right law is not a restriction on people’s liberty; it makes their freedom possible. Right law is liberty; liberty is right law.

True and false individualism differ, according to Hayek, not primarily about values but about facts. The question of how societies are actually ordered or organized separates them: Are communities created, or do they evolve? The answer is obviously some combination of the two, but the relative weighting is of the greatest importance.

Although Hayek ascribed a primarily monetary source to economic fluctuations, he was not a monetarist as this term came to be used.

The core ideas in Hayek’s metaphysical and methodological thought were, in the former, that reality is complex; and in the latter, that there should be some empirical corroboration for statements about events in the realm of nature.

Notwithstanding the predominant role in academic economic theory that Keynes and Keynesian economics achieved during the twentieth century, his basic outlook and policy recommendations were shaped by the particular experiences of the British Empire’s waning years.

While it is possible to imagine Mises without Hayek, it is not possible to imagine Hayek without Mises.