“I can date my own personal ‘revolution’ rather exactly to May or June 1933. It was like this. It began .. with Hayek." — John Hicks
The two discuss Hayek’s ideas on money, credit, and the business cycle.
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It may not be amiss to see in my calculations of comparative productivity [measuring centrally planned communist economies against entrepreneurial market economies] verification of a prescient forecast [made by F. A. Hayek in 1935]. — Abram Bergson
It may not be amiss to see in my calculations of comparative productivity [measuring centrally planned communist economies against entrepreneurial market economies] verification of a prescient forecast [made by F. A. Hayek in 1935].
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