The Nobel Prize confers on an individual an authority which in economics no man ought to possess. — Friedrich August von Hayek Copy Share Image
If socialists understood economics, they wouldn't be socialist. — Friedrich August von Hayek Copy Share Image
Any man who is only an economist is unlikely to be a good one. — Friedrich August von Hayek Copy Share Image
The idea that human kind can shape the world according to wish is what I call the fatal conceit — Friedrich August von Hayek Copy Share Image
To be controlled in our economic pursuits means to be controlled in everything. — Friedrich August von Hayek Copy Share Image
I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised… — Friedrich August von Hayek Copy Share Image
Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a… — Friedrich August von Hayek Copy Share Image
I was quite depressed two weeks ago when I spent an afternoon at Brentano's Bookshop in New York and was looking at… — Friedrich August von Hayek Copy Share Image
The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less… — Friedrich August von Hayek Copy Share Image
It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are… — Friedrich August von Hayek Copy Share Image
The principle that the end justifies the means is in individualist ethics regarded as the denial of all morals. In collectivist ethics… — Friedrich August von Hayek Copy Share Image
“The curious task of economics is to demonstrate to men how little they really know about what they imagine the can design.” — Friedrich August von Hayek Copy Share Image
The problems raised by a conscious direction of economic affairs on a national scale inevitably assume even greater dimensions when the same… — Friedrich August von Hayek Copy Share Image
To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it… — Friedrich August von Hayek Copy Share Image
I am still puzzled why those in the United States who truly believe in liberty should not only have allowed the left… — Friedrich August von Hayek Copy Share Image
Competition is like experimentation in science, a discovery process, and it must rely on the self interest of producers, it must allow… — Friedrich August von Hayek Copy Share Image
The central problem of management is how spontaneous interaction of people within a firm, each possessing only bits of knowledge, can bring… — Friedrich August von Hayek Copy Share Image
There exists no third principle for the organisation of the economics process which can be rationally chosen to achieve any desirable ends,… — Friedrich August von Hayek Copy Share Image
It is perhaps the most characteristic feature of the intellectual that he judges new ideas not by their specific merits but by… — Friedrich August von Hayek Copy Share Image
Unlike the position that exists in the physical sciences, in economics and other disciplines that deal with essentially complex phenomena, the aspects… — Friedrich August von Hayek Copy Share Image
Capitalism is not only a better form of organizing human activity than any deliberate design, any attempt to organize it to satisfy… — Friedrich August von Hayek Copy Share Image
The economic freedom which is the prerequisite of any other freedom cannot be the freedom from economic care which the socialist promise… — Friedrich August von Hayek Copy Share Image
I use throughout the term 'liberal' in the original, nineteenth-century sense in which it is still current in Britain. In current American… — Friedrich August von Hayek Copy Share Image
Socialist thought owes its appeal to the young largely to its visionary character; the very courage to indulge in Utopian thought is… — Friedrich August von Hayek Copy Share Image
Socialism has never and nowhere been at first a working-class movement. It is by no means an obvious remedy for the obvious… — Friedrich August von Hayek Copy Share Image
The greatest danger to liberty today comes from the men who are most needed and most powerful in modern government, namely, the… — Friedrich August von Hayek Copy Share Image
[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by… — Friedrich August von Hayek Copy Share Image
Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - an authoritarian… — Friedrich August von Hayek Copy Share Image
Economic transactions between national bodies who are at the same time the supreme judges of their own behavior, who bow to no… — Friedrich August von Hayek Copy Share Image
The mischievous idea that all public needs should be satisfied by compulsory organization and that all the means that individuals are willing… — Friedrich August von Hayek Copy Share Image
I have arrived at the conviction that the neglect by economists to discuss seriously what is really the crucial problem of our… — Friedrich August von Hayek Copy Share Image
It is, indeed, part of the liberal attitude to assume that, especially in the economic field, the self-regulating forces of the market… — Friedrich August von Hayek Copy Share Image
Human envy is certainly not one of the sources of discontent that a free society can eliminate. It is probably one of… — Friedrich August von Hayek Copy Share Image
The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those… — Friedrich August von Hayek Copy Share
By the time any view becomes a majority view, it is no longer the best view: somebody will already have advanced beyond the point… — Friedrich August von Hayek Copy Share
Freedom can be preserved only if it is treated as a supreme principle which must not be sacrificed for particular advantages. — Friedrich August von Hayek Copy Share
Should our moral beliefs really prove to be dependent on factual assumptions shown to be incorrect, it would be hardly moral to defend them… — Friedrich August von Hayek Copy Share
It is true that the virtues which are less esteemed and practiced now--independence, self-reliance, and the willingness to bear risks, the readiness to back… — Friedrich August von Hayek Copy Share
Unlike the rationalism of the French Revolution, true liberalism has no quarrel with religion, and I can only deplore the militant and essentially illiberal… — Friedrich August von Hayek Copy Share
We must make the building of a free society once more an intellectual adventure, a deed of courage… Unless we can make the philosophic… — Friedrich August von Hayek Copy Share
The central problem of management is how spontaneous interaction of people within a firm, each possessing only bits of knowledge, can bring about the… — Friedrich August von Hayek Copy Share
The discussions of every age are filled with the issues on which its leading schools of thought differ. But the general intellectual atmosphere of… — Friedrich August von Hayek Copy Share
The Nobel Prize confers on an individual an authority which in economics no man ought to possess. — Friedrich August von Hayek Copy Share
[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most… — Friedrich August von Hayek Copy Share
It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends… — Friedrich August von Hayek Copy Share
The state itself becomes more and more identified with the interests of those who run things than with the interests of the people in… — Friedrich August von Hayek Copy Share
We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice. — Friedrich August von Hayek Copy Share
Human envy is certainly not one of the sources of discontent that a free society can eliminate. It is probably one of the essential… — Friedrich August von Hayek Copy Share
![“[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most power-hungry and unscrupulous.” quote by Friedrich August von Hayek](https://sms4smile.com/q/img-quotes/e34/friedrich-august-von-hayek-141_building_socialistic-economic-planning-regulation_162331.jpg)
