Editing Economist:Friedrich Hayek (section)

= Friedrich Hayek =

== Biography ==
Austrian-British economist and philosopher, Nobel laureate (1974). Major figure in the Austrian School.

== School of Thought ==
Austrian School

== Notable Quotes ==

=== On AI Governance and Regulation ===
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."<ref name="ref_1988_p76_1">Friedrich Hayek, ''The Fatal Conceit'' (1988), p. 76, University of Chicago Press</ref>
=== On Network Effects and Platform Monopolies ===
"Competition is a discovery procedure, not merely a method for allocating given resources."<ref name="ref_1978_p179_1">Friedrich Hayek, ''New Studies in Philosophy, Politics, Economics, and the History of Ideas'' (1978), p. 179, University of Chicago Press</ref>
"Emergent properties of markets cannot be designed, only discovered."<ref name="ref_1960_p160_1">Friedrich Hayek, ''The Constitution of Liberty'' (1960), p. 160, University of Chicago Press</ref>
=== On AI Governance and Regulation ===
"The more the state plans, the more difficult planning becomes for the individual."<ref name="ref_1944_p213_1">Friedrich Hayek, ''The Road to Serfdom'' (1944), p. 213, University of Chicago Press</ref>
=== On Wealth Inequality and Technology ===
"A claim for equality of material position can be met only by a government with totalitarian powers."<ref name="ref_1960_p231_1">Friedrich Hayek, ''The Constitution of Liberty'' (1960), p. 231, University of Chicago Press</ref>

== References ==
<references />

[[Category:Economist]]
[[Category:Austrian School]]