Hayek was in the early stages of a career in which he would often feel that his views ran against the tenor of the times, but at no other period was the contrast as stark as in the early 1930s. As governments adopted increasingly radical approaches to an extraordinary economic crisis, academic opponents of government intervention felt ever more marginalized. Around the Atlantic world they clustered in academic environments that prided themselves on fostering opinions that challenged the mainstream, including Hayek’s own London School of Economics, the University of Chicago, and the Institute for International Studies in Geneva.

Angus Burgin, The Great Persuasion, loc. 41