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> | |||
=== 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> | |||
== References == | |||
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[[Category:Economist]] | [[Category:Economist]] | ||
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=== On Network Effects and Platform Monopolies === | === On Network Effects and Platform Monopolies === | ||
"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 === | === 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 === | === 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> | |||
Revision as of 20:39, 12 August 2025
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."[1]
On Network Effects and Platform Monopolies
"Competition is a discovery procedure, not merely a method for allocating given resources."[2]
References
Additional Notable Quotes
On Network Effects and Platform Monopolies
"Emergent properties of markets cannot be designed, only discovered."[1]
On AI Governance and Regulation
"The more the state plans, the more difficult planning becomes for the individual."[2]
On Wealth Inequality and Technology
"A claim for equality of material position can be met only by a government with totalitarian powers."[3]