You can have economic freedom without political freedom, but you cannot have political freedom without economic freedom. — 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
This is not a dispute about whether planning is to be done or not. It is a dispute as to whether planning… — Friedrich August von Hayek Copy Share Image
The argument for liberty is not an argument against organization, which is one of the most powerful tools human reason can employ,… — 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
[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
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
There may be few instances in which the superstition that only measurable magnitudes can be important has done positive harm in the… — 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
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 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
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
Our freedom of choice in a competitive society rests on the fact that, if one person refuses to satisfy our wishes, we… — Friedrich August von Hayek Copy Share Image
If the resources of different nations are treated as exclusive properties of these nations as wholes, if international economic relations, instead of… — 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 the essential conditions for the preservation of such a society that we do not countenance envy, not sanction its demands by camouflaging it as social justice, but treat it, in the words of John Stuart Mill, as 'the… — Friedrich August von Hayek Copy Share
From the fact that people are very different it follows that, if we treat them equally, the result must be inequality in… — 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 us, and which can be obtained only by relieving the individual at the same time of the necessity and of the power of choice: it must be the freedom of economic activity which, with the right of choice,… — Friedrich August von Hayek Copy Share
To undertake the direction of the economic life of people with widely divergent ideals and values is to assume responsibilities which commit… — 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 Image
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 Image
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 Image
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 Image
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 one's own conviction against a majority, and the willingness to voluntary cooperation with one's neighbors--are essentially those on which the of an individualist society rests. Collectivism has nothing to put in their place, and in so… — 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 antireligionism which animated so much of nineteenth-century Continental liberalism. ... What distinguishes the liberal from the conservative here is that, however profound his own spiritual beliefs, he will never regard himself as entitled to impose them… — 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 foundations of a free society once more a living intellectual issue, and its implementation a task which challenges the ingenuity and imagination of our liveliest minds, the prospects of freedom are indeed dark. But if we… — 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 Image
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 Image
The Nobel Prize confers on an individual an authority which in economics no man ought to possess. — 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 the most… — Friedrich August von Hayek Copy Share Image
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 Image