Each of his separate bodies of work would constitute a monumental achievement. Hayek did it all over the course of a single career that established him as one of the most important social thinkers of the 20th century.
F.A. Hayek was highly critical of central banking and of government’s proclaimed interest in holding a monopoly on the issuance of money. Hayek eventually turned his opinions on money and free banking into an economic treatise in the book “The Denationalization of Money“. Some even say Hayek predicted the emergence of Bitcoin nearly three decades […]
Jimmy Wales, founder of Wikipedia, was influenced Friedrich Hayek’s essay, “The Use of Knowledge in Society” which argues that information is decentralized. You know it’s true, because it says so on Wikipedia, but if you’re looking for other sources, it’s corroborated by this New Yorker article, and Wales even went on EconTalk with Russ Roberts […]
Looking to learn more about Austrian economics, libertarianism, or classical liberal thought? The Mises Institute (named for famed Austrian economist Ludwig von Mises, author of Human Action) offers a huge online library of books, journal articles, and other writings on a range of topics related to Austrian economics and classical liberalism. Here are just a […]
For more from Hayek on what he and fellow Austrian economists referred to as the knowledge problem be sure to check out Hayek’s seminal essay, “The Use of Knowledge in Society.”