Economist:Friedrich Hayek: Difference between revisions
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=== On AI Governance and Regulation === | === 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> | "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 === | === 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> | "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 == | ||
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[[Category:Economist]] | [[Category:Economist]] | ||
[[Category:Austrian School]] | [[Category:Austrian School]] | ||
Latest revision as of 21:04, 12 August 2025
Friedrich Hayek[edit]
Biography[edit]
Austrian-British economist and philosopher, Nobel laureate (1974). Major figure in the Austrian School.
School of Thought[edit]
Austrian School
Notable Quotes[edit]
On AI Governance and Regulation[edit]
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."[1]
On Network Effects and Platform Monopolies[edit]
"Competition is a discovery procedure, not merely a method for allocating given resources."[2] "Emergent properties of markets cannot be designed, only discovered."[3]
On AI Governance and Regulation[edit]
"The more the state plans, the more difficult planning becomes for the individual."[4]
On Wealth Inequality and Technology[edit]
"A claim for equality of material position can be met only by a government with totalitarian powers."[5]
References[edit]
- ↑ Friedrich Hayek, The Fatal Conceit (1988), p. 76, University of Chicago Press
- ↑ Friedrich Hayek, New Studies in Philosophy, Politics, Economics, and the History of Ideas (1978), p. 179, University of Chicago Press
- ↑ Friedrich Hayek, The Constitution of Liberty (1960), p. 160, University of Chicago Press
- ↑ Friedrich Hayek, The Road to Serfdom (1944), p. 213, University of Chicago Press
- ↑ Friedrich Hayek, The Constitution of Liberty (1960), p. 231, University of Chicago Press