F. A. Hayek wrote that Hobhouse's book would have been more accurately titled Socialism, and Hobhouse himself called his beliefs " liberal socialism ".

When Hayek left Salzburg in 1977, he wrote, " I made a mistake in moving to Salzburg ".

Hayek also wrote that the state has a role to play in the economy, and specifically, in creating a " safety net ".

" As referenced above in the section on " The economic calculation problem ", Hayek wrote that " there is no reason why ... the state should not help to organize a comprehensive system of social insurance ...." Summarizing on this topic, Wapshott writes " advocated mandatory universal health care and unemployment insurance, enforced, if not directly provided, by the state.

" In the 1973 Law, Legislation, and Liberty, Hayek wrote:

Economist and philosopher Friedrich Hayek wrote about emergence in the context of law, politics, and markets.

After reading Hayek's The Road to Serfdom, Keynes wrote to Hayek saying: " Morally and philosophically I find myself in agreement with virtually the whole of it " but concluded the same letter with the recommendation: On the pressing issue of the time, whether deficit spending could lift a country from depression, Keynes replied to Hayek's criticism in the following way:

In a letter Rüstow wrote that Hayek and his master Mises deserved to be put in spirits and placed in a museum as one of the last surviving specimen of the extinct species of liberals which caused the current catastrophe ( the Great Depression ).

Erhard wrote, “ I would like to frankly acknowledge that my own contribution to this effort social market economy -- R. P. would not have been possible without Walter Eucken, Franz Bohm, Wilhem Ropke, Alexander Rustow, F. A. von Hayek, Alfred Muller-Armack, and many others who joined me in thinking and debating ”.

Barbara Wootton wrote Freedom under Planning after reading an early copy of The Road to Serfdom and claimed " Much of what I have written is devoted to criticism of the views put forward by Professor Hayek in this and other books.

Eric Zencey wrote that the free market economy Hayek advocated is designed for an infinite planet, and when it runs into physical limits ( as any growing system must ), the result is a need for centralized planning to mediate the problematic interface of economy and nature.

" Following on this in his book The Fatal Conceit, Hayek notably wrote that " a game is indeed a clear instance of a process wherein obedience to common rules by elements pursuing different and even conflicting purposes results in overall order.

For example, in a discussion of John Maynard Keynes, Friedman and Hayek, Whitman wrote that the three "… great economists … missed a lot of details that are part and parcel of every value investor's daily life.

Hayek and novelist Ayn Rand, Gilder wrote a book extending the ideas of his Visible Man ( 1978 ) into the realm of economics, to balance his theory of poverty with a theory of wealth.

D. Godefridi ( Hayek Institute ) wrote in le Figaro: " Services represent 70 % of the European economy.

Hayek, who wrote The Road to Serfdom and The Constitution of Liberty taught at the London School of Economics.

In accordance with the reasoning later outlined in his essay The Use of Knowledge in Society ( 1945 ), Hayek argued that a monopolistic governmental agency like a central bank can neither possess the relevant information which should govern supply of money, nor have the ability to use it correctly.

* George Mason University has an economics essay award named in honor of Hayek.

* Why I Am Not a Conservative is an essay by Austrian school economist Friedrich Hayek, published in 1960.

In Why F A Hayek is a Conservative, British policy analyst Madsen Pirie believes Hayek mistakes the nature of the conservative outlook.

Hayek served in World War I and said that his experience in the war and his desire to help avoid the mistakes that had led to the war led him to his career.

In his later years, Hayek recalled a discussion of philosophy with Wittgenstein, when both were officers during World War I.

Hayek said about his experience: " The decisive influence was really World War I.

I read the Western economic textbooks and also the more general work of people like Hayek.

Asked about the liberal, non-democratic rule by a Chilean interviewer, Hayek is translated from German to Spanish to English as having said, " As long term institutions, I am totally against dictatorships.

In a letter to Hayek in 1944, Popper stated, " I think I have learnt more from you than from any other living thinker, except perhaps Alfred Tarski.

For his part, Hayek dedicated a collection of papers, Studies in Philosophy, Politics, and Economics, to Popper and, in 1982, said that " ever since his Logik der Forschung first came out in 1934, I have been a complete adherent to his general theory of methodology.

Hayek also played a central role in Milton Friedman's intellectual development: " My interest in public policy and political philosophy was rather casual before I joined the faculty of the University of Chicago.

Thatcher once told Friedrich Hayek: " I know you want me to become a Whig ; no, I am a Tory ".

In 1975, Hayek admitted that he made a mistake in the 1930s in not opposing the Central Bank's deflationary policy and stated the reason why he had been ambivalent: " At that time I believed that a process of deflation of some short duration might break the rigidity of wages which I thought was incompatible with a functioning economy .< ref > White, Clash of Economic Ideas, p. 94.

In his 1994 " autobiographical dialog " Friedrich Hayek stated " I have always said that I am in favor of a minimum income for every person in the country.

In his " Opening Address to a Conference at Mont Pelerin " Hayek mentioned " two men with whom I had most fully discussed the plan for this meeting both have not lived to see its realisation ": Henry Simons ( who trained Milton Friedman, a future president of the society, at the University of Chicago ) and Sir John Clapham, a senior official of the Bank of England who from 1940 – 6 was the president of the British Royal Society.

I think the Adam Smith role was played in this cycle the late twentieth century collapse of socialism in which the idea of free-markets succeeded first, and then special events catalyzed a complete change of socio-political policy in countries around the world by Friedrich Hayek ’ s The Road to Serfdom.

The purpose of the Henry Hazlitt Center is to coordinate the courses of Economic Process ( I, II and III ) and Social Philosophy ( Hayek, and the Austrian School ) that are offered to all the students at UFM in Pregrad level, in all the schools.

In 1978, Hayek came into conflict with the Liberal Party leader, David Steel, who claimed that liberty was possible only with " social justice and an equitable distribution of wealth and power, which in turn require a degree of active government intervention " and that the Conservative Party were more concerned with the connection between liberty and private enterprise than between liberty and democracy.

Hayek stated that if the Conservative leader had said " that free choice is to be exercised more in the market place than in the ballot box, she has merely uttered the truism that the first is indispensable for individual freedom while the second is not: free choice can at least exist under a dictatorship that can limit itself but not under the government of an unlimited democracy which cannot ".

In 1981, President Ronald Reagan in his speech before the Conservative Political Action Conference ( or " CPAC ") named Hazlitt as one of the " ntellectual leaders " ( along with Hayek, Mises, Friedman, Russell Kirk, James Burnham and Frank Meyer ) who had " shaped so much of our thoughts ..."

The Institute has attracted some well-known individuals to its ranks, including founding member Friedrich Hayek and politicians such as former Reform Party of Canada leader Preston Manning, former Progressive Conservative Ontario premier Mike Harris, former Progressive Conservative Alberta premier Ralph Klein, and former Liberal Newfoundland & Labrador premier Brian Tobin.

in 1985 for a thesis on “ Hayek ’ s Conservative Liberalism ”.

The founders of this école who studied and later instructed at the University of Vienna included Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, Joseph Schumpeter, Ludwig von Mises and Friedrich Hayek.

With John Chamberlain ( and Suzanne La Follette as managing editor ), Hazlitt served as editor of the early free market publication The Freeman from 1950 to 1952, and as sole editor-in-chief from 1952 to 1953, and its contributors during his tenure there included Hayek, Mises and Wilhelm Röpke, as well as the writers James Burnham, John Dos Passos, Max Eastman, John T. Flynn, Frank Meyer, Raymond Moley, Morrie Ryskind and George Sokolsky.

The group included Þorsteinn Pálsson, Geir H. Haarde, Jón Steinar Gunnlaugsson, Kjartan Gunnarsson, Magnús Gunnarsson, Brynjólfur Bjarnason and Hannes Hólmsteinn Gissurarson, and they published the magazine Eimreiðin from 1972 to 1975 ; in the following years they followed with interest what was happening in the United Kingdom under Margaret Thatcher and in the United States under Ronald Reagan ; they also read books and articles by and about Milton Friedman, Friedrich Hayek and James M. Buchanan, who all visited Iceland in the early 1980s and whose messages of limited governments, privatisation, and liberalisation of the economy had a wide impact.

Past judges have included Nicole Kidman, Cate Blanchett, Naomi Watts, Toni Collette, Rose Byrne, Geoffrey Rush, Russell Crowe, John Woo, Samuel L Jackson, Baz Luhrmann, Keanu Reeves, Sam Neill, Ewan McGregor, Jane Campion, Salma Hayek, George Miller and Gabriel Byrne.

Its founders included Friedrich Hayek, Karl Popper, Ludwig von Mises, George Stigler, and Milton Friedman.

These have included Primo Levi, Václav Havel, George Orwell, Richard Pipes, Sven Lindqvist, Friedrich Hayek, Eric Hobsbawm, Aleksandr Solzhenitsyn and Joseph Stiglitz.

Other contributors in the 1950s included: Barbara Branden, James Burnham, Frank Chodorov, John Dos Passos, Max Eastman, John T. Flynn, F. A. Hayek, Frank Meyer, Raymond Moley, Roscoe Pound, Wilhelm Röpke, Murray Rothbard, Morrie Ryskind and George Sokolsky.

Other works he was preparing at that time included writing a biography, and editing the collected works, of Friedrich Hayek.

Readings have included Sophocles ' Antigone, Plato's Gorgias, St. Augustine ’ s Confessions, Marx and Engels ’ The Communist Manifesto, Dubois ’ The Souls of Black Folk, Hayek ’ s The Road to Serfdom, Gramsci ’ s Prison Notebooks, Strauss ’ s Natural Right and History, and King ’ s Letter from Birmingham Jail.