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
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
To be controlled in our economic pursuits means to be controlled in everything. — 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
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
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 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
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
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… — Friedrich August von Hayek Copy Share Image
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 Image
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 Image
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
![“[Socialistic] economic planning, regulation, and intervention pave the way to…” quote by Friedrich August von Hayek](https://sms4smile.com/quotes/img-quotes/e34/friedrich-august-von-hayek-141_building_socialistic-economic-planning-regulation_162331.jpg)
