Friedrich Hayek  

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"Fortunately Hayek never had any influence on Thatcher’s policies. (Her chief economic adviser in these years was Alan Walters, a Friedman-style monetarist.) Equally, and perhaps also happily, Thatcher had no understanding of Hayek’s ideas. If it was true that she carried about with her for a time a copy of Hayek’s magnum opus, The Constitution of Liberty (1960), she cannot have read its postscript, “Why I am not a Conservative”, in which Hayek explains that he rejects conservatism because it lacks a vision of human progress. A case can be made that Thatcher was no conservative, either – at least if being conservative includes an aversion to policies that impose deep changes on inherited social institutions. But this is a view that goes only so far. Unlike Hayek, Thatcher understood and accepted the political limits of market economics." --John Gray, "The Friedrich Hayek I knew, and what he got right - and wrong" (30 July 2015)

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Train wreck at Montparnasse (October 22, 1895) by Studio Lévy and Sons.
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Train wreck at Montparnasse (October 22, 1895) by Studio Lévy and Sons.

Friedrich August von Hayek CH (8 May 1899 - 23 March 1992) was an Austrian economist and philosopher known throughout the world for his defense of classical liberalism and free-market capitalism against socialist and collectivist thought. He is considered to be one of the most important economists and political philosophers of the twentieth century. One of the most influential members of the Austrian School of economics, he also made significant contributions in the fields of jurisprudence and cognitive science.



Unless indicated otherwise, the text in this article is either based on Wikipedia article "Friedrich Hayek" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on original research by Jahsonic and friends. See Art and Popular Culture's copyright notice.

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