Reading 36 classic sayings of Hayek can help you to have a clear understanding of human society.

Hayek became famous for studying the theory of money and economic cycle in his early days, and put forward the monetary excessive investment theory. He believes that the root of the economic cycle lies in the investment changes caused by credit changes. The expansion of bank credit stimulates investment. Once banks stop credit expansion, the economy will be in crisis due to lack of capital.

He is probably the greatest classical liberal scholar in the 2th century. Although he won the Nobel Prize in Economics in 1974, his academic contribution is far beyond the scope of economics. He published 13 articles and 25 monographs in his life, covering a range from pure economics to theoretical psychology, from political philosophy to legal anthropology, from philosophy of science to the history of thought.

Examples of famous sayings

1. If we are the creators of our own destiny in the long run, then in the short run, we are the captives of the ideas or ideas we create. Only when we realize this danger in time can we expect to avoid it.

2. Where the common beliefs of our generation will lead us is not a problem of a certain party or country, but a problem of each of us, which is of the greatest significance.

3. What makes a country a hell on earth is exactly what the "big shots" always try to turn into a paradise.

4. In the process of social evolution, nothing is inevitable, and what makes it inevitable is thought.

5. Protecting private property as much as possible is definitely the most important necessary condition for the continuation of human society.