While it is possible to imagine Mises without Hayek, it is not possible to imagine Hayek without Mises. - Alan O. Ebenstein

Hayek’s essential political philosophy was that liberty is the supremacy of law. To some, this may appear a paradoxical conception of liberty, for liberty is too often considered to be the absence of law.This, however, was the exact opposite of Hayek’s view. He thought that liberty is not possible without law. Right law is liberty.

Among Mises’s greatest personal attributes was courage. He had the force of will and character to maintain a position that he thought true even if almost no one else did.

Indeed, Hayek’s later monetary work constitutes some of his most creative practical policy suggestions, though his thought in the area was, by his own admission, undeveloped.