Hayek had high regard for Marx in technical economic theory and considered him a predecessor in his business cycle theory. [...] It was not in technical economic theory that the classical Austrians disagreed with Marx. So towering a figure in history is Marx that discussion of his thought in summary form is always difficult, for there is so much that he said and that others have said about him. At the same time, so tendentious, ill-spirited, and just plain wrong a thinker was Marx that it is surprising that he may have had some of the influence attributed to him. Hayek's opposition to Marx was in the realm of practical political emanations from Marx's thought. Here he considered Marx's influence to have been wholly pernicious.
Alan O. EbensteinRelated topics
business classical cycle form high history plain predecessor surprising technical thought thinker wrong others Marx HayekRelated quotes
It is one of the most beautiful characteristics of Theosophy that it gives back to people in a more rational form everything which was really useful and helpful to them in the religions which they have outgrown... in this teaching as to the immortality of the soul and the life after death, Theosophy...does not put forward these great truths merely on the authority of some sacred book of long ago; in speaking of these subjects it is not dealing with pious opinions, or metaphysical speculations, but with solid, definite facts, as real and as close to us as the air we breathe or the houses we live in - facts of which many among us have constant experience - facts among which lies the daily work of some of our students, as will presently be seen.
Charles Webster Leadbeater
The gospel freely admitted makes a man happy. It gives him peace with God, and makes him happy in God. It gives to industry a noble, contented look which selfish drudgery never wore; and from the moment that a man begins to do his work for his Saviour's sake, he feels that the most ordinary employments are full of sweetness and dignity, and that the most difficult are not impossible. And if any of you, my friends, is weary with his work, if dissatisfaction with yourself or sorrow of any kind disheartens you, if at any time you feel the dull paralysis of conscious sin, or the depressing influence of vexing thoughts, look to Jesus, and be happy. Be happy, and your joyful work will prosper well.
William Wilberforce
Letting a hundred flowers blossom and a hundred schools of thought contend is the policy for promoting the progress of the arts and the sciences and a flourishing socialist culture in our land. Different forms and styles in art should develop freely and different schools in science should contend freely. We think that it is harmful to the growth of art and science if administrative measures are used to impose one particular style of art or school of thought and to ban another. Questions of right and wrong in the arts and sciences should be settled through free discussion in artistic and scientific circles and through practical work in these fields. They should not be settled in summary fashion.
Mao Zedong
It's true that my initial training was in mathematics. However, almost by accident, I happened to take a course from Kenneth Arrow on "Information Economics,” which was so inspiring that I decided to change direction. It seemed to me that economics combined the best of both worlds: the rigor of mathematics with the immediate relevance of a social science. As for how much math I would recommend, I'd say that basic analysis, including measure theory, is certainly very useful. Also, linear algebra and stochastic processes always helps. But beyond that, I don't think a huge mathematical investment is necessary to do economic theory unless you are planning to work in an extremely technical area.
Eric Maskin
At the one end of the scale are the Communist countries: at the other end the United States of America stands for individual liberty in the political sphere and for the maintenance of human rights. But its economy is based on capitalism, with all the problems which it presents, and with the characteristic extreme inequality of wealth in its citizens... Great Britain, like the other countries of western Europe, is placed geographically and from the point of view of economic and political theory between these two great continental States... Our task is to work out a system of a new and challenging kind, which combines individual freedom with a planned economy, democracy with social justice.
Clement Attlee