A Quote by Herbert Simon

No one has characterized market mechanisms better than Friedrich von Hayek

Herbert Simon

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Better Hayek Market Mechanisms Than Von Von Hayek

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Herbert Simon
American - Scientist
June 15, 1916 - February 9, 2001

No one has characterized market mechanisms better than Friedrich von Hayek.

Herbert A. Simon

The first proponent of cortical memory networks on a major scale was neither a neuroscientist nor a computer scientist but .. a Viennes economist: Friedrich von Hayek (1899-1992). A man of exceptionally broad knowledge and profound insight into the operation of complex systems, Hayek applied such insight with remarkable success to economics (Nobel Prize, 1974), sociology, political science, jurisprudence, evolutionary theory, psychology, and brain science (Hayek, 1952).

Joaquin Fuster

If you look underneath the surface of the Tea Party movement, on the other hand, you will find that it is not sophisticated. It's not like these people have read the economist Friedrich August von Hayek.

Karl Rove

.. the publication of Friedrich A. von Hayek's The Road to Serfdom in 1944 is rightly seen as the first shot in the intellectual battle that was to turn the tide in favor of conservatism i.e. non-statist liberalism .

E. J. Dionne

John von Neumann draws attention to what seemed to him a contrast. He remarked that for simple mechanisms, it is often easier to describe how they work than what they do, while for more complicated mechanisms, it is usually the other way around.

Edsger Dijkstra

The fall of the Berlin Wall did more for the progress of freedom than all of the books written by myself or Friedrich Hayek or others.

Milton Friedman

There is no figure who had more of an influence, no person had more of an influence on the intellectuals behind the Iron Curtain than Friedrich Hayek. His books were translated and published by the underground and black market editions, read widely, and undoubtedly influenced the climate of opinion that ultimately brought about the collapse of the Soviet Union.

Milton Friedman

Friedrich Hayek is not an important figure in the history of macroeconomics.

Paul Krugman

.. the most intelligent defender of capitalism in the modern period is Friedrich Hayek.

Irving Kristol

If thou art something bring thy soul and interchange with mine. - Johann Christoph Friedrich von Schiller.

Friedrich Schiller

Powerful government tends to draw into it people with bloated egos, people who think they know more than everyone else and have little hesitance in coercing their fellow man. Or as Nobel Laureate Friedrich Hayek said, "in government, the scum rises to the top".

Walter E. Williams

As far as I can find, almost no one in the profession - not even luminaries like John Maynard Keynes, Friedrich Hayek, or Irving Fisher - made public statements anticipating the Great Depression.

Robert J. Shiller

Even philosophies who have denounced pseudosciences like psychoanalysis, have condoned pseudoscientific economic theories like neoclassical microeconomics. It is far safer and easier to criticize Freud and Jung than to criticize Milton Friedman and Friedrich Hayek, because the latter are backed by political movements whereas the former are not.

Mario Bunge

I went through the whole student revolution thing and the last thing you wanted was people to think you were Friedrich von Trapp.

Nicholas Hammond

[Friedrich] Hayek is not protesting that things like child labor and stuff are good. He's just trying to show that when government undertakes to make everything good for everybody, this is what happens. And he addresses it to socialists of all parties.

P. J. O'Rourke

Hayek made a quite fruitful suggestion, made contemporaneously by the psychologist Donald Hebb, that whatever kind of encounter the sensory system has with the world, a corresponding event between a particular cell in the brain and some other cell carrying the information from the outside word must result in reinforcement of the connection between those cells. These day, this is known as a Hebbian synapse, but von Hayek quite independently came upon the idea. I think the essence of his analysis still remains with us.

Gerald Edelman

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