John James Cowperthwaite vs. Friedrich Hayek
Side-by-side comparison of two thinkers
John James Cowperthwaite
1915 – 2006
Sir John James Cowperthwaite, KBE, CMG, was a British civil servant who served as Financial Secretary of Hong Kong from 1961 to 1971. His introduction of free-market economic policies are widely credited with turning postwar Hong Kong into a thriving global financial centre. During Cowperthwaite's tenure as Financial Secretary, real wages in Hong Kong rose by 50%, and the portion of the population in acute poverty fell from 50% to 15%.
"I am confident, however old-fashioned this may sound, that funds left in the hands of the public will come into the Exchequer with interest at the time in the 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: