In his early career, for example, Ryan was wont to profess his admiration for icons of libertarian thought such as Ludwig von Mises, Friedrich Hayek
, and Ayn Rand --especially Rand.
The argument coming out of the 1970s, of which economist /apologist Friedrich Hayek
was one of the developers, is that "we all" benefit from capitalist production and therefore that environmental restrictions and controls reduce the social benefits of said production by raising its costs.
identified a similar phenomenon in his own field of economics, notably articulated during his 1974 Nobel Prize lecture in which he cautioned colleagues against misapplication of scientific-like methods to tasks for which they were unsuited.
In its infancy as a metric, GDP, according to economist John Keynes, should include government spending while others such as Friedrich Hayek
argued that it should only include consumer spending.
As Friedrich Hayek
shows, innovation requires widely dispersed knowledge that exists with respect to the unique circumstances, conditions, and preferences of individuals.
The debate between Ludwig von Mises and Friedrich Hayek
on the side of a modern economy against Oskar Lange on the side of socialism figure prominently.
At its core, The Tyranny of Experts is a condemnation of the vision Adam Smith associated with "the man of system" and what Friedrich Hayek
called "the fatal conceit.
Economistic liberals such as Friedrich Hayek
, Milton Friedman, and their allies may not be conservative--Hayek famously refused the label--but they have surely shaped conservatism.
The list of intellectuals who have made cases for a guaranteed minimum income over the years includes such laissez-faire luminaries as Milton Friedman, Friedrich Hayek
, and Charles Murray.
Austrian-born Friedrich Hayek
held a much more conservative view, believing that government attempts to alleviate recessions and depressions would only make them worse.
Chapter 1 serves as the opening plenary session of the conference: a session attended by Aristotle, Adam Smith, Karl Marx, John Maynard Keynes, Friedrich Hayek
, Milton Friedman, and Amartya Sen--to name but a few.
He examines the writings of such major free market figures as Leo Strauss, Friedrich Hayek
, Whittaker Chambers, and Ayn Rand and sets them in dialogue with each other through a focus on networks and processes of intellectual exchange, particularly in relation to the work of the Hayek-founded Mont Pelerin Society.
It is followed by a third and longest part devoted to the postwar revival of 'liberalism' broadly conceived, encompassing conservative Friedrich Hayek
and Michael Oakeshott, centrist Isaiah Berlin and H.
Even the radical Austrian free-market economist Friedrich Hayek
held a similar view early in his career:
Opening with a brief "rhetorical history" of religion and American conservatism from 1944-1979, Hogue wades through analyses of the writings of economist Friedrich Hayek
, noted conservatives Richard Weaver and William F.