Friedrich Hayek person
also: F.A. Hayek, Freddie, Frederick Hayek, hayek, Hayek, H-A-Y-E-K
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Related entities (most co-mentioned)
United Statescountry · 11Mont Pelerin Societyorganization · 6Austriacountry · 4Ludwig von Misesperson · 2The Road to Serfdombook · 2Jasper Craneperson · 2Fabian Societyorganization · 2Reader's Digestorganization · 2London School of Economicsorganization · 2Fritz Machlupperson · 1University at Buffaloorganization · 1Raymond Aronperson · 1Maurice Allaisperson · 1Karl Popperperson · 1Cambridge Universityorganization · 1Otto Skorzenyperson · 1Cambridge Apostlesorganization · 1Harvard Universityorganization · 1University of Chicagoorganization · 1Buffaloplace · 1Great Depressionevent · 1John Maynard Keynesperson · 1New York Universityorganization · 1Volker Fundorganization · 1
Claims (26)
Friedrich Hayek member_of
London School of Economics documented
document
“Four Nobel Prizes in the Economic Sciences were awarded to economists with LSE connections during the 1970s: John Hicks in 1972, Friedrich Hayek in 1974, James Meade in 1977 and Sir Arthur Lewis in 1979.…”
source: url — LSE history overview - LSE · p.1
Friedrich Hayek founded
The Use of Knowledge in Society documented
“from my research. Sowell, in his 1980 book called Knowledge and Decisions, basically did a major expansion of Hayek's work that he did in 1945 called The Use of Knowledge in Society. According to Sowell, it applies Hayek's insight on the di…”
▶ Fabian Society Hayek vs Keynes wWarHamster Brady @ 17:47
Ludwig Wittgenstein relationship_with
Friedrich Hayek documented
“He is born in 1899 and lived in 1992. Born in Vienna, Austria. I'm not even going to try to do his accent when I do his quotes. But since my family comes from Austria, I'm a fan. His father is a medical doctor, lectured botany at the Univer…”
▶ Fabian Society Hayek vs Keynes wWarHamster Brady @ 2:45
Friedrich Hayek founded
The Road to Serfdom documented
“This is another great economist from the Austrian school. Von Mises could also go up on Mount Rushmore. Freddie writes a book called The Prices of Production. And then he writes his magnus opus, which is called The Road to Serfdom. If your …”
▶ Fabian Society Hayek vs Keynes wWarHamster Brady @ 5:56
Thomas Sowell relationship_with
Friedrich Hayek documented
“That's what Hayek said about Thomas Sowell's book. And you don't get any higher review remarks or affirmation from Hayek than that. He was very impressed with Sowell's expansion of his book. Sowell also said that he acknowledged Hayek's inf…”
▶ Fabian Society Hayek vs Keynes wWarHamster Brady @ 18:47
Friedrich Hayek taught_at
London School of Economics documented
“at the London School of Economics at the time, founded by the Fabians. So that's why that's on topic. And it's very, very interesting that a guy who's very much of a free market Austrian school economist was teaching at the socialist, the F…”
▶ Fabian Society Hayek vs Keynes wWarHamster Brady @ 0:27
Friedrich Hayek member_of
Paris School of Economics documented
“at the London School of Economics at the time, founded by the Fabians. So that's why that's on topic. And it's very, very interesting that a guy who's very much of a free market Austrian school economist was teaching at the socialist, the F…”
▶ Fabian Society Hayek vs Keynes wWarHamster Brady @ 0:27
Friedrich Hayek founded
Mont Pelerin Society documented
“was at the behest of Hayek. He was an Austrian economist. Now, I have to preface everything that we're going to talk about today with the fact that so many of the cast of characters came from Austria. That is where we found Otto Skorzeny, a…”
▶ The Colonel’s Corner Transnational Anticommunism&Cold War #13 @ 1:28
Mont Pelerin Society member_of
Friedrich Hayek documented
“Back to the seeds sown in the late 1940s by Hayek and his fellow members of the Mount Polloran Society. Agreeing on proper terminology was one of their first tasks. And again, I can't say this enough. The focus on language by these people i…”
▶ The Colonel’s Corner Transnational Anticommunism&Cold War #13 @ 5:39
Eugène von Bohm-Bawerk relationship_with
Friedrich Hayek documented
“Wittgenstein. He's pretty well known. He did a lot of mathematical formulas applying it to human behavior, something we've talked about a bit. His maternal grandfather was an economist, and he was a close friend of Eugène von Bohm-Bawerk, a…”
▶ Fabian Society Hayek vs Keynes wWarHamster Brady @ 3:19
Ludwig von Mises recruited
Friedrich Hayek documented
“from the University of Vienna, I'm sorry, by 1923. He then gets hired by Ludwig von Mises as a specialist for the Austrian government on legal and economic details of the Treaty of St. Germain in Ley, which is kind of the kissing cousin of …”
▶ Fabian Society Hayek vs Keynes wWarHamster Brady @ 5:24
Mont Pelerin Society founded
Friedrich Hayek documented
“was at the behest of Hayek. He was an Austrian economist. Now, I have to preface everything that we're going to talk about today with the fact that so many of the cast of characters came from Austria. That is where we found Otto Skorzeny, a…”
▶ The Colonel’s Corner Transnational Anticommunism&Cold War #13 @ 1:28
Friedrich Hayek moved_to
University of Chicago documented
“You put your finger on the scale, the more government programs you have to do, you now have to enforce them. You've got to use coercion to get the money to pay for them, raising taxes, reducing freedom, and it always ends up in tyranny. Cor…”
▶ Fabian Society Hayek vs Keynes wWarHamster Brady @ 8:02
Friedrich Hayek criticized
John Maynard Keynes host_asserted
“You're filling a gap and then you're keeping it filled. You're making a public investment all the time. You never pull back. It becomes a totalitarian state. Which apparently is the goal. Famous quote, Hayek was criticized by Keynes on his …”
▶ Fabian Society Hayek vs Keynes wWarHamster Brady @ 1:01:17
Mont Pelerin Society funded
Friedrich Hayek documented
“So they're going to go out and look for people to sponsor this complete propaganda machine. Hayek received most of his initial funding for Mount Pelerin Society from a group of Midwestern U.S. businessmen keen to gather intellectual firepow…”
▶ The Colonel’s Corner Transnational Anticommunism&Cold War #13 @ 11:50
Harold Luhnow funded
Friedrich Hayek documented
“and when Volker died in 1947, he was also put in charge of the company's philanthropic trust, the Volker Fund. He decided to begin sponsoring Hayek, and among the first things that he did was go to the meeting at Mount Polaren Society. The …”
▶ The Colonel’s Corner Transnational Anticommunism&Cold War #13 @ 17:28
Friedrich Hayek appointed
University of Chicago documented
“and when Volker died in 1947, he was also put in charge of the company's philanthropic trust, the Volker Fund. He decided to begin sponsoring Hayek, and among the first things that he did was go to the meeting at Mount Polaren Society. The …”
▶ The Colonel’s Corner Transnational Anticommunism&Cold War #13 @ 17:28
Friedrich Hayek member_of
London School of Economics documented
“became a major theme. Hayek's colleague at the London School of Economics wrote him that the most important mission for a new international academy of political philosophy would be to strengthen democracy throughout post-war Europe. In the …”
▶ The Colonel’s Corner Transnational Anticommunism&Cold War #13 @ 33:23
Friedrich Hayek member_of
London School of Economics host_asserted
“There was a really famous debate that happened between the London School of Economics and Cambridge. And this is right after the Great Depression had kicked in. And the London School of Economics, Frederick Hayek, was debating Cambridge apo…”
▶ The Shadow State 73 London School of Economics @ 1:08:52
Friedrich Hayek taught_at
London School of Economics host_asserted
“Even though the founders are Fabians, the school was very open to open inquiry. And that allowed diverse thinkers like Frederick Hayek to actually teach there for 20 years and thrive alongside socialists. So it was a very healthy academic a…”
▶ Fabian Society - London School of Economics @ 14:32
Friedrich Hayek debated
John Maynard Keynes host_asserted
“There was a really famous debate that happened between the London School of Economics and Cambridge. And this is right after the Great Depression had kicked in. And the London School of Economics, Frederick Hayek, was debating Cambridge apo…”
▶ Fabian Society - London School of Economics @ 1:08:31
Friedrich Hayek founded
Mont Pelerin Society host_asserted
“of political environment. And so again, Hayek himself created this organization and the use of the organization behind the scenes was very different from what he espoused publicly. That's kind of the takeaway. And to me, the importance of t…”
▶ The Colonel’s Corner Transnational Anticommunism&Cold War #13 @ 1:15:58
John Maynard Keynes criticized
Friedrich Hayek host_asserted
“You're filling a gap and then you're keeping it filled. You're making a public investment all the time. You never pull back. It becomes a totalitarian state. Which apparently is the goal. Famous quote, Hayek was criticized by Keynes on his …”
▶ Fabian Society Hayek vs Keynes wWarHamster Brady @ 1:01:17
John Maynard Keynes relationship_with
Friedrich Hayek host_asserted
“you get misallocation of capital correct most economists are going to agree on a lot of these issues so they're really arguing you know keynes and hayek were respectful of each other um and that's because there's an element of philosophy an…”
▶ Fabian Society Hayek vs Keynes wWarHamster Brady @ 32:01
Milton Friedman relationship_with
Friedrich Hayek documented
“They actually worked in different departments and weren't very close, but Friedman was an admirer of his writings. And of course, Hayek wins tons of awards, Nobel Peace Prize for Economics, etc. But very well storied guy. So he had influenc…”
▶ Fabian Society Hayek vs Keynes wWarHamster Brady @ 8:33
Friedrich Hayek member_of
London School of Economics host_asserted
“like Frederick Hayek to actually teach there for 20 years and thrive alongside socialists. So it was a very healthy academic atmosphere to be around. It was not just you'll be socialist, damn it, or leave. We'll talk more about Hayek much l…”
▶ The Shadow State 73 London School of Economics @ 14:56
Mentions (28)
▶ 0:30
And I definitely want to get to our next book. I am chomping at the bit to do that. So this next chapter talks about the Pelerin, P-E-L-E-R-I-N Society, Mont Pelerin Society. And it focuses on a guy by the name of Hayek, H-…
▶ 0:58
A-Y-E-K. So I'm not exactly sure. Again, it's a French name, if that's how you pronounce it. But that's how we're going to pronounce it today. And it goes back to March of 1947. So this is, you know, in close proximity to the end of World W…
▶ 1:28
was at the behest of Hayek. He was an Austrian economist. Now, I have to preface everything that we're going to talk about today with the fact that so many of the cast of characters came from Austria. That is where we found Otto Skorzeny, a…
▶ 5:39
Back to the seeds sown in the late 1940s by Hayek and his fellow members of the Mount Polloran Society. Agreeing on proper terminology was one of their first tasks. And again, I can't say this enough. The focus on language by these people i…
▶ 7:41
Neither Hayek nor any other of the leading members described themselves as neoliberal. They wanted to have the description of themselves as classical liberal. Hayek managed, in the words of Jamie Peck, to establish a, quote, transatlantic s…
▶ 8:43
Hayek's ambition to move beyond the marginalization is what primarily drove this group. Mount Pelerin could create a long-term strategy for intellectual dominance along the lines of what socialist organizations such as the British Fabian So…
▶ 9:13
So they are modeling their initiative off of the Fabian Society. Hayek would elaborate on why he and his associates wanted to emulate what had been done a generation before. In an essay that was entitled The Intellectuals and Socialism, he …
▶ 9:42
In every country that has moved towards socialism, the phase in development in which socialism becomes a determining influence on politics has been preceded for many years by a period during which socialist ideas governed the thinking of ac…
▶ 10:12
while the U.S. had not. He also noted that once this phase had been reached, it was merely a question of time until the views held by intellectuals become the governing force of politics. So he is admittedly trying to have an overarching gr…
▶ 10:45
At these meetings, the thinkers could meet influential journalists, educators, and politicians, the people who would help shape common values and perceptions. And I have said this for a very long time since starting this initiative. This is…
▶ 11:50
So they're going to go out and look for people to sponsor this complete propaganda machine. Hayek received most of his initial funding for Mount Pelerin Society from a group of Midwestern U.S. businessmen keen to gather intellectual firepow…
▶ 12:20
owners of DuPont Chemical and Jasper Crane, who had retired after a long service as executive vice president of that company. These men were convinced that the creation of a new intellectual counter-establishment could help recreate faith i…
▶ 12:53
would work towards that goal. Hayek had become a household name among American conservatives in 1945 with his book, The Road to Surfton. It was published in the United States. The book actually became a bestseller. There was a condensed ver…
▶ 13:25
And again, that was when we were we grew up very poor, but we had Reader's Digest in our house all the time. My mom loved that. And now that I know what it was all about, it's crazy how I mean, it's it's so apparent how we were all brainwas…
▶ 13:55
was that countries such as Great Britain and the U.S. were most likely to be taken down an unforeseen road to totalitarianism by well-meaning Democrats adopting planning in their attempt to promote the general welfare of a nation, rather th…
▶ 14:21
consequence of the way in which economic planning would ultimately change the social and moral values of a nation. The road to serfdom was that no stable middle ground existed between unconditional faith in planning and unconditional faith …
▶ 14:52
Hayek did not argue that planning equal totalitarianism, but rather that it created an alternative in the character of the people that would create the social and moral climate of a totalitarian state. The American response to Hayek's book …
▶ 15:22
In the political awakening, Hayek soon found himself on a national book tour. In New York City, some 3,000 people showed up to listen to him speak. When Hayek began promoting his plans for an international academy of political philosophy, i…
▶ 15:51
recommending happen with the collusion of an international body. Americans had a lot to learn from European liberals who had supposedly seen the true face of centralized power. So they're using World War II as the backdrop to convince every…
▶ 16:27
Mount Pelerin in 1947, quote, for the inhabitants of a free country, it seems almost impossible to understand the process first by which freedom is lost, unquote. In other words, the purpose of a transatlantic gathering was not just to prom…
▶ 17:28
and when Volker died in 1947, he was also put in charge of the company's philanthropic trust, the Volker Fund. He decided to begin sponsoring Hayek, and among the first things that he did was go to the meeting at Mount Polaren Society. The …
▶ 17:58
at the University of Chicago, thus beginning his ensconcement into the very fabric of America. The conservative funds had secured Ludwig von Mises a position as visiting professor at New York University as well. Other Austrian economists wh…
▶ 22:20
and delayed the implementation of their ideas. The meeting at Mount Pelerin continued where it had left off. The group that met at Mount Pelerin in 1947 included prominent intellectuals like Raymond Aron, A-R-O-N, Maurice Alice, A-L-L-A-I-S…
▶ 23:51
reinforcing the views that they want everybody to have. European and American schools of liberalism were present at the meeting, such as the Austrian school, which was originally centered on Vienna, but largely transplanted to the United St…
▶ 30:16
Justice Hayek himself and a number of other participants shared the idea that the cultural traditions of Christianity could make up for the creative destruction of capitalism. So they wanted to use the face of Christianity while at the same…
▶ 14:22
in the united kingdom and in foreign countries their focus was on applied social sciences economics political science and research to inform public policy and promote to promote quote unquote the betterment of society now here's something p…
▶ 1:08:52
There was a really famous debate that happened between the London School of Economics and Cambridge. And this is right after the Great Depression had kicked in. And the London School of Economics, Frederick Hayek, was debating Cambridge apo…
▶ 1:14:55
they distort the purpose it's just an evil purpose yeah but they had but they had hayek and that's that hayek's one of the best options in school yeah you can't have a thousand bad guys and one good guy and say it's a good thing sorry all r…