Economist:Friedrich Hayek: Difference between revisions
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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."
—Friedrich Hayek, The Fatal Conceit (1988), p. 76, University of Chicago Press
On Network Effects and Platform Monopolies
"Competition is a discovery procedure, not merely a method for allocating given resources."
—Friedrich Hayek, New Studies in Philosophy, Politics, Economics, and the History of Ideas (1978), p. 179, University of Chicago Press