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“There was frequently a moral lesson lurking just below the surface in Hayek’s accounts, usually having to do with Keynes’s overweening self- confidence and the dangers of hubris. His retelling of their final conversation is illustrative. Hayek had asked Keynes whether he was at all concerned about the uses to which his disciples were putting his theories, and in particular, whether a theory that had made sense in “the age of plenty” of the 1930s might not stimulate inflation as the economy neared full employment. Keynes assured Hayek that were his theories ever to become harmful, he could turn public opinion against them like that, and snapped his fingers. Unfortunately, as Hayek concluded, “six weeks later he was dead”.”

Quote by Bruce Caldwell

Book:Hayek: A Life, 1899–1950
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Hayek: A Life, 1899–1950

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Bruce Caldwell

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“Those concessions might also explain why Keynes responded to the book as he did, a response that might surprise later generations. Keynes read it on the boat on the way to Bretton Woods, and on arriving in Atlantic City sent a letter saying that it was a “grand book” and that “morally and philosophically I find myself in agreement with virtually the whole of it; and not only in agreement with it, but in a deeply moved agreement” (Keynes to Hayek, June 28, 1944, quoted in Keynes 1980b, 385). Keynes went on to say that they would probably disagree on the question of where to draw the line regarding more or less intervention. Keynes thought that almost certainly more planning was necessary, which could be carried out safely if the lead- ers were “rightly orientated in their own minds and hearts to the moral is- sue” (Keynes 1980b, 387). So there were obvious differences between them. But the general sentiment expressed underlines once again the fact that in the context of their times and especially with respect to central planning and the men of science who advocated such a path for Britain, Keynes and Hayek were on the same side.”

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Book:Hayek: A Life, 1899–1950
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“A library is a good place to soften solitude; a place where you feel part of a conversation that has gone on for hundreds and hundreds of years even when you're all alone. The library is a whispering post. You don't need to take a book off a shelf to know there is a voice inside that is waiting to speak to you, and behind that was someone who truly believed that if he or she spoke, someone would listen. It was that affirmation that always amazed me. Even the oddest, most particular book was written with that kind of crazy courage — the writer's belief that someone would find his or her book important to read. I was struck by how precious and foolish and brave that belief is, and how necessary, and how full of hope it is to collect these books and manuscripts and preserve them. It declares that all these stories matter, and so does every effort to create something that connects us to one another, and to our past and to what is still to come.”

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