Tagged: London School of Economics

Friedrich Hayek by Rodrigo Moynihan, National Portrait Gallery, London

Friedrich August Von Hayek

In his Nobel Prize speech, Friedrich Hayek asserted that, “… I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it. It is that the Nobel Prize confers on an individual an authority which in economics no man ought to possess.”