The Remarkable Influence of Friedrich Hayek

Everyone now agrees that Friedrich Hayek was an unusually influential intellectual. His writings are credited with inspiring a powerful pro-market revival in the late 20th century. Margaret Thatcher, Ronald Reagan and many other political leaders all declared that they had imbibed Hayek’s ideas at a formative stage. Thatcher recalled reading Hayek’s The Road to Serfdom while an 18-year-old undergraduate at Oxford.