Hayek Economist Quotes & Sayings

The free-market economist Friedrich von Hayek once said that "without a theory, the facts are silent." But for Greenspan, with his theory, the facts became invisible. — Anonymous

The first proponent of cortical memory networks on a major scale was neither a neuroscientist nor a computer scientist but .. a Viennes economist: Friedrich von Hayek (1899-1992). A man of exceptionally broad knowledge and profound insight into the operation of complex systems, Hayek applied such insight with remarkable success to economics (Nobel Prize, 1974), sociology, political science, jurisprudence, evolutionary theory, psychology, and brain science (Hayek, 1952). — Joaquin Fuster

Any man who is only an economist is unlikely to be a good one. — Friedrich August Von Hayek

It may well be that the chemist or physiologist is right when he decides that he will become a better chemist or physiologist if he concentrates on his subject at the expense of his general education. But in the study of society exclusive concentration on a speciality has a peculiarly baneful effect: it will not merely prevent us from being attractive company or good citizens but may impair our competence in our proper field - or at least for some of the most important tasks we have to perform. The physicist who is only a physicist can still be a first class physicist and a most valuable member of society. But nobody can be a great economist who is only an economist - and I am even tempted to add that the economist who is only an economist is likely to become a nuisance if not a positive danger. — Friedrich Hayek

If you look underneath the surface of the Tea Party movement, on the other hand, you will find that it is not sophisticated. It's not like these people have read the economist Friedrich August von Hayek. — Karl Rove