“Hayek watched the interwar collapse with horror, as Keynes did, and shared many of Keynes’s liberal values. What he failed to understand is that these values cannot be renewed by applying any formula or doctrine, or by trying to construct an ideal liberal regime in which freedom is insulated from the contingencies of politics.”

The Friedrich Hayek I knew, and what he got right - and wrong (2015)

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British philosopher 1948

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“In ethics Keynes was a Platonist, in politics he was an Aristotelian. His ethics pointed him towards the ideal; his politics towards moderation.”

Robert Skidelsky (1939) Economist and author

Source: John Maynard Keynes: The Return of the Master (2009), Ch. 7 : Keynes's Politics

“Hayek may still have lessons to teach us. The policies he recommended during the Great Depression may have been badly flawed but his insight that prosperity cannot be restored by unending expansion of debt may have some value at a time when the limits of “Keynesian” quantitative easing are becoming clear. It is in any case far from obvious that Keynes would have supported a continuation of QE once a disastrous collapse had been averted. “Keynesianism” is a confection of Keynes’s more mechanical disciples, not an indication of how this mercurially brilliant mind would have responded to our present dilemmas. Again, Hayek’s claim that nothing can be done to mitigate the impact of free markets on social cohesion was dangerously misguided. But he was right to point out that capitalism cannot be remodelled to fit some conception of an ideally fair distribution of resources. Whether any kind of social democracy can be reconciled with the anarchic energies of global markets is an open question.”

John Gray (1948) British philosopher

The Friedrich Hayek I knew, and what he got right - and wrong (2015)

“To affirm that humans thrive in many different ways is not to deny that there are universal human values. Nor is it to reject the claim that there should be universal human rights. It is to deny that universal values can only be fully realized in a universal regime. Human rights can be respected in a variety of regimes, liberal and otherwise. Universal human rights are not an ideal constitution for a single regime throughout the world, but a set of minimum standards for peaceful coexistence among regimes that will always remain different.”

John Gray (1948) British philosopher

Two Faces of Liberalism (New Press, 2000, ISBN 0-745-62259-3. 168 pages), ch. 1: Liberal Toleration (p. 21)

“It is not so well known that it [Keynes's and my own move from thinking in terms of price-levels and the rate of interest to thinking in terms of inputs and outputs] is matched by a movement from Hayek to Harrod. I once asked Harrod what had put him on to the construction of his so-call 'dynamic' theory; he said, to my surprise, that it was thinking about Hayek.”

John Hicks (1904–1989) British economist

Source: Money, Interest and Wages, (1982), p. 340

“Placement of both Hayek and Mill in the liberal tradition is suspect to many historians of political thought for various reasons. First, Mill also expressed socialist sentiments, so to classify him as a liberal has seemed inaccurate to some more right-inclined liberals. Second, Hayek is sometimes considered more a conservative by left-inclined liberals, and not in the liberal tradition as it has evolved. Nonetheless, Mill and Hayek were the two greatest liberals of the nineteenth and twentieth centuries.”

Alan O. Ebenstein (1959) American political scientist, educator and author

Hayek's Journey: The Mind of Friedrich Hayek (2003)

“Truth is a liberal value, and it is a conservative value, but it is not a leftist value.”

Dennis Prager (1948) American writer, speaker, radio and TV commentator, theologian

Source: 2010s, Why Most Jews Aren't Bothered By The Times' Anti-Semitic Cartoon (2019)

“The true value of a human being is determined primarily by the measure and the sense in which he has attained to liberation from the self.”

Albert Einstein (1879–1955) German-born physicist and founder of the theory of relativity

1940s, The World As I See It (1949)

“Hayek’s practical political thought was flawed not where he postulated too small a role for government, but where he sanctioned too great a role. In his late work, Hayek the classical liberal became Hayek the libertarian.”

Alan O. Ebenstein (1959) American political scientist, educator and author

Hayek's Journey: The Mind of Friedrich Hayek (2003)

“The ideals of liberalism have been divorced from any realities of modern social structure that might serve as the means of their realization. … The detachment of liberalism from the facts of a going society make it an excellent mask for those who do not, cannot, or will not do what would have to be done to realize its ideals.”

C. Wright Mills (1916–1962) American sociologist

"Liberal Values in the Modern World," in Power , Politics and People (1963), p. 189.
1960s

“From Keynes' point of view the economic system, before the war failed in its solution of the unemployment problem”

Lawrence Klein (1920–2013) American economist

The Keynesian Revolution. Vol. 19. New York: Macmillan, 1947/66. p. 166

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