“Indeed, Hayek’s later monetary work constitutes some of his most creative practical policy suggestions, though his thought in the area was, by his own admission, undeveloped.”

—  Alan O. Ebenstein

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

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Indeed, Hayek’s later monetary work constitutes some of his most creative practical policy suggestions, though his thou…" by Alan O. Ebenstein?
Alan O. Ebenstein photo
Alan O. Ebenstein47
American political scientist, educator and author 1959

Related quotes

“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)

“Hayek, highly influenced by Mach as a young man, began reading him immediately following his return from service in World War I. He remarked about four decades later that he was “stimulated by Mach’s work to study psychology and the physiology of the senses,” though his interest in these areas derived as much from disagreement as agreement with Mach’s work.”

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

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

“The role of expectations is not limited to monetary policy but is crucial in many areas of economics, as Bob showed in his later research on investment, unemployment, taxation, public debt management, and asset pricing. In all of these situations, the appropriate evaluation of policy takes account of the way that expectations would be rationally formed.”

Robert Barro (1944) American classical macroeconomist

Source: Nothing Is Sacred (2002), p. 29

“Hayek opposed not merely Keynes’s policy recommendations, but his technical method.”

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

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

“Expressed egotism is, of course, no reason necessarily to disregard someone’s work, but it is a warning signal. If someone can evaluate his work so poorly, is the work itself likely to be better? In many of his areas of intellectual interest, Popper’s work is wanting.
Hayek did more to advance Popper professionally early in his career than anyone else, and Popper remembered his personal debt to Hayek. Over the years, he wrote him a number of appreciative letters.”

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

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

“One of the paradoxes of Hayek is that he wrote better than he thought. That is, his writing is often more suggestive and stimulating than the thought that underlaid it. While his writing is, stylistically, difficult, it is also exceptionally profound, and its value lies in its profundity.”

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

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

Lois McMaster Bujold photo

“He found oddly little regret in his heart for his own lost life. He'd seen more of the world than most men ever did, and he'd had his chances, though the gods knew he'd made little enough of them. Marshaling his thoughts, as he sheltered under his covers, he realized with some wonder that his greatest dismay was for the work he'd be forced to leave undone.”

Lois McMaster Bujold (1949) Science Fiction and fantasy author from the USA

Source: World of the Five Gods series, The Curse of Chalion (2000), p. 233

“Hayek truly did get Popper his position at the London School of Economics. “I am personally anxious to get Dr. Popper to this School,” Hayek wrote Gombrich as early as 1943. Given the later prominence that Popper achieved for the school, this was one of Hayek’s most significant contributions to its reputation, as well as the decisive career move in Popper’s life.
Hayek also genuinely influenced Popper’s political philosophy. While Popper always remained to Hayek’s left, he started out much further to Hayek’s left than he wound up, and this movement was in no small part the result of Hayek’s influence. Popper was a charter member of the Mont Pelerin Society. He suggested, however, that socialists be brought into it. Hayek wrote Popper several deeply personal letters in connection with his divorce. It is likely that their personal relationship was more important to and valued by Hayek than Popper, though Popper valued highly Hayek’s friendship.”

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

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

Neelam Sanjiva Reddy photo

“The President of India is the constitutional head, who has no policy and programme of his own. It is the Government of the day which chooses the policy and programme to be pursued within the framework of the constitution…[would] protect and defend the Constitution.”

Neelam Sanjiva Reddy (1913–1996) sixth President of India

Source: Dr.Janak Raj Jai Presidents of India, 1950-2003 http://books.google.co.in/books?id=r2C2InxI0xAC&pg=PA126, Daya Books, 1 January 2003, P.133

“As regards Ramakrishna’s “practice of Islam and Christianity” of which the Mission makes so much, it finds no mention in the Gospel, the earliest and most authentic account of Ramakrishna’s thoughts and experiences in his own words. In this work we find that though Ramakrishna reminisces often about his experiences and God-filled states, there is hardly a word about his so-called practice of Islam and Christianity…. It also seems that the practice of Islam and Christianity made a less than deep impression on Ramakrishna, for subsequently he does not mention on his own initiative either Muhammad or the Koran, neither Jesus nor the Bible. Not even once! Nor did he draw from” his practice such excessive and indiscriminate conclusions as Mission monks now do.”

Ram Swarup (1920–1998) Indian historian

Ramakrishna Mission. (1986). Ramakrishna Mission: In search of a new identity.

Related topics