"Well … Ive always been a voracious reader — I have read the economic views of von Mises and Hayek, and … Bastiat … I know about Cobden and Bright in England — and the elimination of the corn laws and so forth, the great burst of economy or prosperity for England that followed."
Friedrich August von Hayek was an Austrian economist and philosopher. He is known for his contributions to political economy, political philosophy and intellectual history. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for work on money and economic fluctuations, and the interdependence of economic, social and institutional phenomena. His account of how prices
"F. A. Hayek, probably the most prominent advocate of capitalism in the present period would not quite agree with Smiths notions of what is natural, but his defense of capitalism is indirect by reference to its linkage with liberty, and he explicitly rejected the idea that a legitimating concept of justice is relevant to the operations of a market system."
"The more the state "plans" the more difficult planning becomes for the individual."
"It may not be amiss to seen in my calculations of comparative productivity [between entrepreneurial economics and communist economies] verification of a prescient forecast [made by Hayek in 1935 in his essay "The Present State of the Debate".]."
"All economic activity is carried out through time. Every individual economic process occupies a certain time, and all linkages between economic processes necessarily involve longer or shorter periods of time."
"Our morality itself is the result of a process of cultural selection. Those things survive which enable the species to multiply."
"I believe that the main lesson which our generation has learnt is that we must find a new limit for the activities of government, a limit which leaves ample scope for sensible experimentation but which secures the freedom of the individual as the mainspring of all social and political activity. The whole purpose of these lectures has been to suggest that we can find such a limit if we are willing to revive and develop the ancient ideal of the Rule of Law."
"The absolute requisites for the study of this work... are a knowledge of algebra to the binomial at least, plane and solid geometry, plane trigonometry, and the most simple part of the usual applications of algebra to geometry. ...A. De Morgan. London July 1, 1836"
"Captain Littlepage had overset his mind with too much reading."
"What say you? It is useless? Ay, I know But who fights ever hoping for success? I fought for lost cause, and for fruitless quest! You there, who are you! — You are thousands! Ah! I know you now, old enemies of mine! Falsehood! Have at you! Ha! and Compromise! Prejudice, Treachery! … Surrender, I? Parley? No, never! You too, Folly, — you? I know that you will lay me low at last; Let be! Yet I fall fighting, fighting still!"
"Ive been taking a closer look at these graduates. They are actually taller, stronger, smarter than we were, smart enough maybe to take our mistakes as their messages, to make our weaknesses their lessons, and to make our example — good and not so good — part of their education."
Mario Cuomo"In short, it is not merely that Johnny cant read, or even that Johnny cant think. Johnny doesnt know what thinking is, because thinking is so often confused with feeling in many public schools. [emphasis in the original]"
"Bigotry is the disease of ignorance, of morbid minds; enthusiasm of the free and buoyant. Education & free discussion are the antidotes of both."
Thomas Jefferson