Kenneth Arrow vs. Friedrich Hayek
Side-by-side comparison of two thinkers
Kenneth Arrow
1921 – 2017
Kenneth Joseph Arrow was an American economist, mathematician and political theorist. He received the John Bates Clark Medal in 1957, and the Nobel Memorial Prize in Economic Sciences in 1972, along with John Hicks.
"L. Walras first formulated the state of the economic system at any point of time as the solution of a system of simultaneous equations representing the demand f…"
Friedrich Hayek
1899 – 1992
Friedrich August von Hayek was an Austrian economist and philosopher. He is known for his contributions to political economy, political philosophy and intellectual history. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for work on money and economic fluctuations, and the interdependence of economic, social and institutional phenomena.
"Yet, though the French Revolution was so largely inspired by the ideal of the Rule of Law, it is questionable whether it really helped the advance towards that …"
Connections
Both wrote about: