Quote by Bruce Caldwell

“Hayek echoed Robbins’s description of the Common Room as a place where, despite sharp political differences, the ambiance was friendly, an atmosphere that suited his own tastes well (Hayek 1994, 81). Some examples of the kind of collegial repartee that was characteristic of the School was a “Mock Trial” of economists that Director Beveridge organized in June 1933 (reported in the Economist, June 17, 1933) or Beveridge’s address (titled “My Utopia”) before the School’s Cosmopolitan Club at the beginning of the Michaelmas term in 1934. In the latter Beveridge (1936) spoke of an “elaborate apparatus” that had been invented by “John Maynard von Hayek” which had apparently solved the problem of making money neutral: “So far as I can make out, it automatically changes the air and so affects the blood pressure of bankers and businessmen, as prices rise or fall in relation to productive efficiency” (135). There were also regular events to mark the end of term, all dutifully entered by Hayek into his appointment book: the Christmas party at the end of Michaelmas term and the Strawberry Tea at the end of summer term.”

Quote by Bruce Caldwell