Word: hayek
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Dates: during 1970-1979
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...Harvard-Radcliffe Sons of Liberty proposed an alternative reading list for the course in the leaflet, including selections from H.A. Hayek, Nobel Prize winner for Economics...
...leading advocates of the Austrian school are Murray Rothbard and Nobel-laureate Frederiech Hayek. They, along with their colleagues, see little if any role for the government in the economy; they oppose welfare state programs and regulations even more consistently than the Chicago conservatives...
Philosophers of capitalism defend inequality on two grounds. Economist Friedrich A. Hayek, a Nobel Laureate, argues persuasively that the only alternative to the market's unequal apportionment of rewards is distribution of income on the basis of each person's moral worth?and who could possibly judge that fairly? Pragmatically, many theorists contend that inequality is necessary to reward with high income the initiative that produces economic growth. They add that growth makes the poor if not nearly equal to the rich, at least better off than they would be in a stagnant economy that distributed wealth equally. According...
Another position belongs to Nobel Laureate Freiderich Hayek, Professor Murray N. Rothbard and the "Austrians," who agree that we have never had laissez-faire but use the Austrian theory of the business cycle in their analysis. Rothbard and Hayek argue that government intervention, especially the policy of the Federal Reserve in the late '20s, started the cycle which resulted in the Great Depression. In his book America's Great Depression. Rothbard details these interventions and their consequences. Today, Rothbard and Hayek argue, government polices in the '60's started a similar cycle that is the cause of current problems. Friedman...
...pluralistic world, there is room fof such disparate thinkers as Myrdal and Von Hayek and for the opposite courses to human fulfillment that they espouse. By honoring these two economists simultaneously, the Swedish Academy has cast a quiet vote for the world of diversity...