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Quote by Fritz Machlup

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Essays on Hayek

This book delves into the intellectual contributions of Friedrich Hayek, focusing on his economic theories, political philosophy, and social thought. It includes analyses and discussions of his key concepts and their impact on contemporary discourse. more

Author

Fritz Machlup
Fritz Machlup

Fritz Machlup was a prominent economist, born on December 15, 1902, and died on January 30, 1983. He made significant contributions to the fields of monetary economics and econometrics. more

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“Chile has done a lot to rid itself of poverty, especially extreme poverty, since the return to democracy. But we still have a ways to go toward greater equity. This country does not have a neoliberal economic model anymore. We have put in place a lot of policies that will ensure that economic growth goes hand in hand with social justice.”

“Though freedom and wealth are both good things which most of us desire and though we often need both to obtain what we wish, they still remain different. Whether or not I am my own master and can follow my own choice and whether the possibilities from which I must choose are many or few are two entirely different questions. The courtier living in the lap of luxury but at the beck and call of his prince may be much less free than a poor peasant or artisan, less able to live his own life and to choose his own opportunities for usefulness.”