The Economist on Friedrich von Hayek: "the theoretical idea he was proudest of -- that only markets, not governments, could gather and disperse price knowledge effectively --helped inspire a wave of deregulation and privatisation. His chief political idea -- that free markets and political liberty were indissociable -- lent strength to the revival of classical liberalism. By his death in 1992, Hayek had joined Milton Friedman and Robert Nozick as one of the three theoretical godfathers of the Thatcher-Reagan revolution".