Alan O. Ebenstein - Work Quotes

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Although Hayek would have protested being characterized as a democratic welfare statist in The Constitution of Liberty, this is what he was. While he favored less government rather than more, government at the local level rather than national level, the provision of social welfare through private charitable organizations rather than government at any level, and the private competitive provision of government services, there was much in his work that any modern, twentieth-century liberal could support.

Alan O. Ebenstein
Hayek, highly influenced by Mach as a young man, began reading him immediately following his return from service in World War I. He remarked about four decades later that he was stimulated by Mach's work to study psychology and the physiology of the senses, though his interest in these areas derived as much from disagreement as agreement with Mach's work.

Alan O. Ebenstein
Hayek's work in philosophy can be considered from another perspective than its methodology. When Hayek wrote that his philosophical studies should precede his political studies, he meant that in order to explain the sort of political system he favored, it was necessary to have greater understanding of the transmission and communication of information and knowledge. This is why he wished to travel to Italy and Greece. He thought that he might understand nonverbal knowledge better in doing so and might better understand the role of institutions in transmitting knowledge and information.

Alan O. Ebenstein
Hayek abhorred Hegel, considering his work virtually without value. At the same time, Hegel's emphasis on mind and idealism indicate the philosophical heritage from which Hayek sprang.

Alan O. Ebenstein
Keynes ultimately placed his hopes for good government in exceptional men. The focus in Hayek's work was rules.

Alan O. Ebenstein
Hayek's practical political thought was flawed not where he postulated too small a role for government, but where he sanctioned too great a role. In his late work, Hayek the classical liberal became Hayek the libertarian.

Alan O. Ebenstein
When Keynes's General Theory was published in February 1936, it obliterated all else on the scene in academic economics. Hayek was known to be working on a treatise on capital as Keynes's work was published (the work that became The Pure Theory of Capital). While there was some anticipation in academia for this forthcoming major work, interest even by economists in Hayek's work waned.

Alan O. Ebenstein
The time component of economic production became vital in Hayek's work in economic theory. Essentially, his economic work could be said to rest on the idea that the price system is a method for coordinating economic activity through time.

Alan O. Ebenstein
Though Hayek decried the practical outcomes of Marx's work and his political philosophy, he had high regard for Marx as a technical economist whose work preceded his own business cycle theory.

Alan O. Ebenstein
During World War II it was exciting and unexpected for Hayek to find someone else, from Vienna, who was interested in many of the same topics that he was. The Open Society and Its Enemies has three main parts, on Plato, Hegel, and Marx. The next main chapters in Hayek's uncompleted The Abuse and Decline of Reason, on which he was at work then, were to be on Hegel and Marx. In addition, Popper's scholarly style was similar to Hayek's, with extremely extensive notes.

Alan O. Ebenstein
Expressed egotism is, of course, no reason necessarily to disregard someone's work, but it is a warning signal. If someone can evaluate his work so poorly, is the work itself likely to be better? In many of his areas of intellectual interest, Popper's work is wanting.
Hayek did more to advance Popper professionally early in his career than anyone else, and Popper remembered his personal debt to Hayek. Over the years, he wrote him a number of appreciative letters.

Alan O. Ebenstein
Indeed, Hayek's later monetary work constitutes some of his most creative practical policy suggestions, though his thought in the area was, by his own admission, undeveloped.

Alan O. Ebenstein