Friday, May 8, 2020

Economist Friedrich Hayek on This Day in History


This Day in History: Economist Friedrich Hayek was born on this day in 1899. He is best known for writing The Road to Serfdom which went on to sell 2 million copies, an outstanding achievement for an economics book.

Milton Friedman once said of Hayek: "There is no figure who had more of an influence, no person had more of an influence on the intellectuals behind the Iron Curtain than Friedrich Hayek. His books were translated and published by the underground and black market editions, read widely, and undoubtedly influenced the climate of opinion that ultimately brought about the collapse of the Soviet Union."

President Ronald Reagan listed Hayek as among the two or three people who most influenced his philosophy, and Margaret Thatcher often carried one of his books into Parliament with her.

Download the book here:

https://archive.org/details/in.ernet.dli.2015.218162/page/n3/mode/2up

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