20th century Quote by Vernon L. Smith
“Hayek, in my view, is the leading economic thinker of the 20th century.”
About This Quote
Source Essay: Economic Thought, 1990
Hayek is regarded as the most influential economist of the twentieth century.
In simple terms: Hayek's impact on economics is paramount.
Study Hayek’s ideas for insight into market dynamics.
Themes
Mood
Type
When to use this quote
- academic research
- policy analysis
- education
- public discourse
Key Concepts
Questions to Reflect On
- How does Hayek’s theory apply today?
- What are its limitations?
Other economists also shaped the century significantly.