It is rather a problem of how to secure the best use of resources known to any of the members of society,… — Friedrich August von Hayek Copy Share Image
...the case for individual freedom rests largely on the recognition of the inevitable and universal ignorance of all of us concerning a… — 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
Once you admit that the individual is merely a means to serve the ends of the higher entity called society or the… — Friedrich August von Hayek Copy Share Image
If democracy is a means rather than an end, its limits must be determined in the light of the purpose we want… — Friedrich August von Hayek Copy Share Image
Our submission to general principles is necessary because we cannot be guided in our practical action by full knowledge and evaluation of… — 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
To live and work successfully with others requires more than faithfulness to one's concrete aims. It requires an intellectual commitment to a… — 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
It is only because the majority opinion will always be opposed by some that our knowledge and understanding progress... it is always… — 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
Civilization enables us constantly to profit from knowledge which we individually do not possess and because each individual's use of his particular… — Friedrich August von Hayek Copy Share Image
The effect of the people's agreeing that there must be central planning, without agreeing on the ends, will be rather as if… — Friedrich August von Hayek Copy Share Image
A general flat minimum-wage law for all industry is permissible, but I do not think that it is a particularly wise method… — Friedrich August von Hayek Copy Share Image
If this is the degree of inflation planned for in advance, the real outcome is indeed likely to be such that most… — Friedrich August von Hayek Copy Share Image
The Socratic maxim that the recognition of our ignorance is the beginning of wisdom has profound significance for our understanding of society.… — 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 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/quotes/img-quotes/e34/friedrich-august-von-hayek-141_building_socialistic-economic-planning-regulation_162331.jpg)