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Quote by Milton Friedman

“. . I think the Adam Smith role was played in this cycle i.e. 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.”

Author

Milton Friedman

Milton Friedman was a renowned economist known for his contributions to the field of free-market economics. His research in monetary economics, consumer behavior, and tax policy has had a profound impact. more

“For Dicey, writing in 1885, and for me reading him some seventy years later, the rule of law still had a very English, or at least Anglo-Saxon, feel to it. It was later, through Hayek's masterpieces "The Constitution of Liberty" and "Law, Legislation and Liberty" that I really came to think this principle as having wider application.”

Thinking Feels Writing Years Stills Law Reading Liberty Principles Constitution Application Legislation Masterpiece Seventies Rule Of Law Hayek Anglo Saxon

Author:Margaret Thatcher

“All the general propositions favouring freedom I had .. imbibed at my father's knee or acquired by candle-end reading of Burke and Hayek...”

Ends Reading Father Knees Candle Propositions Hayek

Author:Margaret Thatcher

“I was 25 years old and pursuing my doctorate in economics when I was allowed to spend six months of postgraduate studies in Naples, Italy. I read the Western economic textbooks and also the more general work of people like Hayek. By the time I returned to Czechoslovakia, I had an understanding of the principles of the market. In 1968, I was glad at the political liberalism of the Dubcek Prague Spring, but I was very critical of the Third Way they pursued in economics.”

“There is no figure who had more of an influence, no person had more of an influence on the intellectuals behind the Iron Curtain than Friedrich Hayek. His books were translated and published by the underground and black market editions, read widely, and undoubtedly influenced the climate of opinion that ultimately brought about the collapse of the Soviet Union.”

Persons Book Black Behinds Opinion Influence Figures Unions Climate Iron Soviet Collapse Soviet Union Curtains Hayek Iron Curtain Friedrich Hayek

Author:Milton Friedman

“It is in our lives and not our words that our religion must be read.”

Life Inspirational Action Religion Our Lives Integrity Reading Books Our Words

Book:The writings of Thomas Jefferson: being his autobiography, correspondence, reports, messages, addresses, and other writings, official and private

Source: The writings of Thomas Jefferson: being his autobiography, correspondence, reports, messages, addresses, and other writings, official and private

“If one writing contributed more than any other to the framework in which this work Sowell's Knowledge and Decisions developed, it would be an essay entitled 'The Use of Knowledge in Society,' published in the American Economic Review of September 1945, and written by F. A. Hayek . . In this plain and apparently simple essay was a deeply penetrating insight into the way societies function and malfunction, and clues as to why they are so often and so profoundly misunderstood.”