"There were four years, 1931-1935, when I was myself a member of [Hayek's] seminar in London; it has left a deep mark on my thinking. … At the end of the discussions in that seminar … we were, I believe, on the point of taking what now seems to me to be a decisive step. I was, at least, on the point of taking it myself. There is evidence for that in my "Value and Capital", much of the groundwork for which was done before I left London."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
John Hicks, Classics and Moderns (1983), p. 97
https://en.wikiquote.org/wiki/Prices_and_Production
Revision History
No revisions have been submitted for this quote.
Categories
Prices and Production
Prices and Production is a 1931 book written by Friedrich Hayek. In 1935, It was revised.
25 quotes on TrueQuotesView all quotes by Prices and Production →
Related Quotes
"I will be discussing what happened in economics in England, but these were times when, to a very considerable extent,…"
"For all his brilliance, Hayek didn’t — at the critical time — have a good enough understanding of the dangers of defl…"
"Hayek's point was that, in the short run, increase in the demand for consumer goods can redirect production from long…"
"Let me emphasize, I am an enormous admirer of Hayek, but not for his economics. I think Prices and Production is a ve…"
""I can date my own personal 'revolution' rather exactly to May or June 1933. It was like this. It began … with Hayek.…"
"I remember Robbins asking me if I could turn the Hayek model into mathematics … it began to dawn on me that … the mod…"
"It was from Hayek that I began."
"It is not so well known that it [Keynes's and my own move from thinking in terms of price-levels and the rate of inte…"
"Hayek was making us think of the productive process as a process in time, inputs coming before outputs."
"While the more naive forms of inflationism are sufficiently discredited today not to do much harm in the near future,…"