photo: Hayek Teaching at the L.S.E. in 1948

Friedrich Hayek with students in 1948.

Friedrich Hayek with students in 1948.

This photo accompanies the London Telegraph blog entry “Financial crisis shows why we should admire Friedrich Hayek” posted by Philip Booth.

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Probably nobody has described the processes of cognitive categorization better than Hayek. — Joaquin Fuster

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