Indeed, Hayek’s later monetary work constitutes some of his most creative practical policy suggestions, though his thought in the area was, by his ow… - Alan O. Ebenstein

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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.

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About Alan O. Ebenstein

Alan O. (Lanny) Ebenstein (born 28 May 1959) is an American political scientist, and the author of Friedrich Hayek: A Biography, the first English language biography of Hayek, and Hayek’s Journey: The Mind of Friedrich Hayek.

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Alternative Names: Alan Oliver
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Additional quotes by Alan O. Ebenstein

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.

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