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-- He notices, - the understanding that conditions should be created Is necessary,

Which would allow people to create own destiny." Hayek's influence has appeared deep and long: the company created by it Still exists, and other organisations have been besides based also with

The similar purposes, especially after the beginning of revival of the Austrian school. To these

To the organisations belong institute of economic affairs in London; institute

Researches of the person at George Mason's university, Ferfaks, Virginia;

Institute Katona in Washington, district of Columbia; Ludwig's institute a background of Mizesa in

University Auburna, Alabama. All these groups have introduced decisive investment in

Revival of liberal thought in the United States and in Europe.

It is not necessary for us of other proof of liberal revival, than inclusion

The former East Germany in 1989 in structure of the Western Germany; for East Germany it was "new opening of freedom", that, to occurrence of that

For 40 years before Hayek has helped with the Western Germany. And though would be impudence

To name Hayek the prophet, chapters 8, 10 and 11 contain many statements about

To the nature of Germans and the German people which are true and until now.

Somehow Hayek with approval has quoted the well-known passage from the General theory

Keynes about influence of abstract ideas on real a course of affairs. "Both true and erroneous

Ideas of economists and political philosophers are much more powerful, than it is accepted

To think. In practice the world is subject almost exclusively to them. "Money (London: Macmillan, Interest, p. 383., John Maynard Keynes,

The General Theory of Employment and 1936) the texts of Hayek Collected in this volume do for much Acknowledgement of this true. Peter D.Klein

It is published as "Economic Thought: The Austrian School" in International Encyclopedia of the Social Sciences (London: Macmillan; New York: The Free

Press, 1968), vol. 4, pp. 458 - 462. A bit different version of the article was

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