Alan O. Ebenstein

"Hayek emphasized the importance of rules. He thought that what society should do is not to direct the individual in his or her particular actions, but to create a metaphysical structure, as it were, e…"

"Hayek expressed more fully and deeply than Mises the epistemological argument for free market order. The crucial issue for Hayek became not that without prices individuals cannot calculate , but that …"

"Where laws rule, people are free. Conversely, where not laws, but individuals, rule, people are unfree. Law is the indispensable tool for securing personal freedom, because only under the rule of law …"

"Hayek was in many respects a philosophical idealist, in that he believed that ideas rule the world. It was the idea of constructivism, he thought, that has such destructive consequences. If he could c…"

"Hayek’s move from economic theory to political philosophy was a natural evolution in his ideas. First, he considered the influence of prices in production.Then he considered the larger question of the…"

"Among Mises’s greatest personal attributes was courage. He had the force of will and character to maintain a position that he thought true even if almost no one else did."

"Hayek opposed not merely Keynes’s policy recommendations, but his technical method."

"Hayek’s view was that all the knowledge that is possible of a circumstance is a theory of the circumstance—that is, there is no such thing as pure sensation. There is, rather, a theory of sensation."