Friedrich August von Hayek Autograph Note Signed.

HAYEK, Friedrich August von [F.A.].

$7,500.00

Item Number: 115089

Rare autograph note signed by and entirely in the hand of Austrian-British economist Friedrich August von Hayek. One-page lined index card, the note reads, “We cannot admit that all words are equally good. However unfashionable this may be, there is moral progress, also moral decline – and in the last resort we can more be sure where it is. It is, of course, our moral duty to defend our moral duty to defend our words, but these are not a list of precise words giving clear and unambiguous answers to all questions, but complex incomplete pearls imbuing an enticing and largely unconventional system whose changes can form our… to find answer to your question. F.A. Hayek 7-9-81.” In fine condition. A unique piece.

Austrian-British economist and philosopher Friedrich August von Hayek received the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for his "pioneering work in the theory of money and economic fluctuations and penetrating analysis of the interdependence of economic, social and institutional phenomena". His account of how changing prices communicate information that helps individuals co-ordinate their plans is widely regarded as an important achievement in economics, leading to his Nobel Prize. Hayek was appointed a Companion of Honour in 1984 for "services to the study of economics" and later received the Presidential Medal of Freedom in 1991 from President George H. W. Bush.