Friedrich Hayek vs Milton Friedman
Friedrich Hayek
Austria- Economist and political philosopher
- Professor at the London School of Economics, Chicago and Freiburg
Austrian-British economist and philosopher who argued that market prices coordinate dispersed knowledge no planner can gather, and warned that central planning threatens liberty.
Full profile of Friedrich Hayek
Milton Friedman
United States- Economist at the University of Chicago
- Senior research fellow at the Hoover Institution
American economist and leader of the Chicago school who championed monetarism, free markets, floating exchange rates and policies such as school vouchers and a negative income tax.
Full profile of Milton FriedmanIn short
How they compare
Friedrich Hayek (1899-1992) and Milton Friedman (1912-2006) are a 92% match on the 12 axes where both have a clear record.
They differ most on security (Friedrich Hayek: liberty (mild); Milton Friedman: liberty (moderate)), morality (Friedrich Hayek: balanced; Milton Friedman: progressive (mild)) and foreign policy (Friedrich Hayek: cooperation (mild); Milton Friedman: balanced). They are closest on ownership, markets and structure.
On the economy their positions are close; on state and liberty Friedrich Hayek sits further toward authority; on society Friedrich Hayek sits further toward tradition; on the world stage their positions are close.
Generated from the two sourced profiles on this site. Each axis placement and its reasoning is on the full profile pages.
★ By family of axes
- Economy3 axes
- Friedrich Hayekmarkets (moderate)Milton Friedmanmarkets (strong)
- State and liberty3 axes
- Friedrich Hayekliberty (mild)Milton Friedmanliberty (moderate)
- Society4 axes
- Friedrich Hayekprogress (mild)Milton Friedmanprogress (mild)
- World2 axes
- Friedrich Hayekglobal (moderate)Milton Friedmanglobal (moderate)
- Friedrich Hayek: petals and stars
- Milton Friedman: dashed outline
★ Where they differ most
- Security25 points apart
Friedrich Hayek: Liberty (mild). Milton Friedman: Liberty (moderate).
- Morality25 points apart
Friedrich Hayek: Balanced. Milton Friedman: Progressive (mild).
- Foreign policy25 points apart
Friedrich Hayek: Cooperation (mild). Milton Friedman: Balanced.
- Technology20 points apart
Friedrich Hayek: Embrace (mild). Milton Friedman: Embrace (moderate).
★ Where they are closest
- Structure · 5 apart
- Markets · 5 apart
- Ownership · 5 apart
Axis by axis
Milton Friedman
Economy
Equality / Markets- OwnershipStrong: Private18%82%PublicPrivate
- MarketsStrong: Free15%85%PlannedFree
- WelfareModerate: Self-reliant30%70%SharedSelf-reliant
State and liberty
Liberty / Authority- AuthorityMild: Democratic63%37%DemocraticStrong leader
- SecurityMild: Liberty65%35%LibertyOrder
- StructureModerate: Local68%32%LocalCentral
Society
Progress / Tradition- MoralityBalanced53%47%ProgressiveTraditional
- ReligionMild: Secular55%45%SecularReligious
- TechnologyMild: Embrace58%42%EmbraceCaution
- CultureMild: Multicultural55%45%MulticulturalNational identity
World
Global / Nation- TradeStrong: Global90%10%GlobalProtected
- Foreign policyMild: Cooperation63%37%CooperationStrength
★ 12 Axes Political Test ★
Who are you closer to?
Answer plain statements on 12 axes and see your match with Friedrich Hayek, Milton Friedman and every other historical figure, axis by axis.
FAQ
Friedrich Hayek vs Milton Friedman
What is the difference between Friedrich Hayek and Milton Friedman?
They differ most on security (Friedrich Hayek: liberty (mild); Milton Friedman: liberty (moderate)), morality (Friedrich Hayek: balanced; Milton Friedman: progressive (mild)) and foreign policy (Friedrich Hayek: cooperation (mild); Milton Friedman: balanced). On the economy their positions are close; on state and liberty Friedrich Hayek sits further toward authority; on society Friedrich Hayek sits further toward tradition; on the world stage their positions are close.
What do Friedrich Hayek and Milton Friedman have in common?
They are closest on ownership, markets and structure. Overall their profiles are a 92% match on the 12 axes where both have a clear record.
Who leans more toward free markets, Friedrich Hayek or Milton Friedman?
Neither by much: on the economic axes they share, their positions are within a few points (Friedrich Hayek: markets (moderate); Milton Friedman: markets (strong)).
Am I closer to Friedrich Hayek or Milton Friedman?
Take the 12 Axes Political Test. Your result shows your match with both of them, and with every other historical figure and ideology on the site, axis by axis.
