Book Quote by Fritz Machlup

F. A. Hayek is probably the most prominent advocate of capitalism in the present period.

— Peter L. Berger

The book, as it stands, seems to me to be one of the most frightful muddles I have ever read, with scarcely a sound…

— John Maynard Keynes

Regarding social order, [Francis] Fukuyama writes, "The systematic study of how order, and thus social capital, can emerge in spontaneous and decentralized fashion is…

— Douglass North

Hayek, in my view, is the leading economic thinker of the 20th century.

— Vernon L. Smith

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

— Irving Kristol

If the central contest of the twentieth century has pitted capitalism against socialism, then F. A. Hayek has been its central figure. He helped…

— Kenneth Minogue

“There was frequently a moral lesson lurking just below the surface in Hayek’s accounts, usually having to do with Keynes’s overweening self- confidence and…

— Bruce Caldwell

Everyone knows, or has strongly suspected, that capital theory is difficult.

— Charles Ferguson

“He is fascinated by their lack of conventional hierarchy or structure and loves how the forces of capital have subverted plans to control and…

— Graham Owen

“It is ironic that Keynesianism originated as a weapon to combat depression, but became universally accepted and "successful" only during (and because of!) the…

— André Gunder Frank

[I]f one asks what substantive contributions [F. A. Hayek] made to our understanding of how the world works, one is left at something of…

— Paul Krugman

Friedrich Hayek, who died on March 23, 1992 at age 92, was arguably the greatest social scientist of the twentieth century. By the time…

— Julian Simon