20th century Quote by Vernon L. Smith

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

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

— Peter L. Berger

Hayek became in his later years the dominant intellectual influence of the last quarter of the twentieth century.

— Robert Skidelsky, Baron Skidelsky

.. 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

As a result of the efforts of Hayek .. and the many others who share his general outlook, the idea of a centrally planned…

— Irving Kristol

“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

“But Hayek is also one of the handful of social scientists who (along with his teacher Ludwig von Mises) demonstrated more than sixty years…

— David Horowitz

The seminar in economic theory conducted by Hayek at the L.S.E. in the 1930s was attended, it came to seem, by all of the…

— John Kenneth Galbraith

“The Austrian born Von Hayek has long been under the control of David Rockefeller, and Von Hayek theories have been fairly widely accepted in…

— John Coleman

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

“In a passage often cited by Western conservatives and especially loved by American libertarians, the Austrian economist F. A. Hayek wrote in 1960: “The…

— Thomas M. Nichols