“I can date my own personal ‘revolution’ rather exactly to May or June 1933. It was like this. It began .. with Hayek." — John Hicks
Economist John Cochran explains the significance of Hayek’s macroeconomics for understanding the boom of the ’00s’ and ongoing bust of the ’10s.
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As everybody’s property in effect is nobody’s property, so everybody’s responsibility is nobody’s responsibility. — F. A. Hayek
As everybody’s property in effect is nobody’s property, so everybody’s responsibility is nobody’s responsibility.
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