--- title: "16 Ends Quotes By Friedrich August von Hayek" description: "16 Ends quotes by Friedrich August von Hayek. Plus more from Friedrich August von Hayek and more Ends sayings from other authors." image: "https://sms4smile.com/quotes/i/0d0/friedrich-august-von-hayek-141_character_the-principle-that-the-end-justifies-the_1983407.jpg" --- > [The principle that the end justifies the means is in individualist ethics regarded as the denial of all morals. In collectivist ethics…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-principle-that-the-end-justifies-the-means-is-in-individualist/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/0d0/friedrich-august-von-hayek-141_character_the-principle-that-the-end-justifies-the_1983407.jpg) > [Once you admit that the individual is merely a means to serve the ends of the higher entity called society or the…](https://sms4smile.com/quotes/friedrich-august-von-hayek/once-you-admit-that-the-individual-is-merely-a-means-to-serve-the/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/94d/friedrich-august-von-hayek-141_capitalism_once-you-admit-that-the-individual-is-me_2977030.jpg) > [...the case for individual freedom rests largely on the recognition of the inevitable and universal ignorance of all of us concerning a…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-case-for-individual-freedom-rests-largely-on-the-recognition-of/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/54c/friedrich-august-von-hayek-141_achievement_the-case-for-individual-freedom-rests-la_1581321.jpg) > [It is rather a problem of how to secure the best use of resources known to any of the members of society,…](https://sms4smile.com/quotes/friedrich-august-von-hayek/it-is-rather-a-problem-of-how-to-secure-the-best-use-of-resources/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/1dd/friedrich-august-von-hayek-141_ends_it-is-rather-a-problem-of-how-to-secure_186570.jpg) > [If democracy is a means rather than an end, its limits must be determined in the light of the purpose we want…](https://sms4smile.com/quotes/friedrich-august-von-hayek/if-democracy-is-a-means-rather-than-an-end-its-limits-must-be/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/a33/friedrich-august-von-hayek-141_democracy_if-democracy-is-a-means-rather-than-an-e_484314.jpg) > [To live and work successfully with others requires more than faithfulness to one's concrete aims. It requires an intellectual commitment to a…](https://sms4smile.com/quotes/friedrich-august-von-hayek/to-live-and-work-successfully-with-others-requires-more-than/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/a46/friedrich-august-von-hayek-141_aim_to-live-and-work-successfully-with-other_1313526.jpg) > [Our submission to general principles is necessary because we cannot be guided in our practical action by full knowledge and evaluation of…](https://sms4smile.com/quotes/friedrich-august-von-hayek/our-submission-to-general-principles-is-necessary-because-we-cannot/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/a1f/friedrich-august-von-hayek-141_action_our-submission-to-general-principles-is_3150677.jpg) > [Economic transactions between national bodies who are at the same time the supreme judges of their own behavior, who bow to no…](https://sms4smile.com/quotes/friedrich-august-von-hayek/economic-transactions-between-national-bodies-who-are-at-the-same/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/4a2/friedrich-august-von-hayek-141_behavior_economic-transactions-between-national-b_2998577.jpg) > [Civilization enables us constantly to profit from knowledge which we individually do not possess and because each individual's use of his particular…](https://sms4smile.com/quotes/friedrich-august-von-hayek/civilization-enables-us-constantly-to-profit-from-knowledge-which-we/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/c76/friedrich-august-von-hayek-141_achieve_civilization-enables-us-constantly-to-pr_1651117.jpg) > [The effect of the people's agreeing that there must be central planning, without agreeing on the ends, will be rather as if…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-effect-of-the-people-s-agreeing-that-there-must-be-central/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/068/friedrich-august-von-hayek-141_central-planning_the-effect-of-the-people-s-agreeing-that_2027912.jpg) > [There exists no third principle for the organisation of the economics process which can be rationally chosen to achieve any desirable ends,…](https://sms4smile.com/quotes/friedrich-august-von-hayek/there-exists-no-third-principle-for-the-organisation-of-the-economics/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/d8c/friedrich-august-von-hayek-141_achieve_there-exists-no-third-principle-for-the_3034678.jpg) > [To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it…](https://sms4smile.com/quotes/friedrich-august-von-hayek/to-combat-depression-by-a-forced-credit-expansion-is-to-attempt-to/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/956/friedrich-august-von-hayek-141_banking_to-combat-depression-by-a-forced-credit_3103746.jpg) > [It is only because the majority opinion will always be opposed by some that our knowledge and understanding progress... it is always…](https://sms4smile.com/quotes/friedrich-august-von-hayek/it-is-only-because-the-majority-opinion-will-always-be-opposed-by/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/682/friedrich-august-von-hayek-141_acting_it-is-only-because-the-majority-opinion_922750.jpg) > [If this is the degree of inflation planned for in advance, the real outcome is indeed likely to be such that most…](https://sms4smile.com/quotes/friedrich-august-von-hayek/if-this-is-the-degree-of-inflation-planned-for-in-advance-the-real/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/8a3/friedrich-august-von-hayek-141_army_if-this-is-the-degree-of-inflation-plann_2084343.jpg) > [A general flat minimum-wage law for all industry is permissible, but I do not think that it is a particularly wise method…](https://sms4smile.com/quotes/friedrich-august-von-hayek/a-general-flat-minimum-wage-law-for-all-industry-is-permissible-but-i/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/929/friedrich-august-von-hayek-141_achieve_a-general-flat-minimum-wage-law-for-all_1827499.jpg) > [The Socratic maxim that the recognition of our ignorance is the beginning of wisdom has profound significance for our understanding of society.…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-socratic-maxim-that-the-recognition-of-our-ignorance-is-the/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/cab/friedrich-august-von-hayek-141_advantage_the-socratic-maxim-that-the-recognition_1181070.jpg) ## Other authors on Ends ## More by Friedrich August von Hayek > [The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-system-of-private-property-is-the-most-important-guaranty-of/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [By the time any view becomes a majority view, it is no longer the best view: somebody will already have advanced beyond the point…](https://sms4smile.com/quotes/friedrich-august-von-hayek/by-the-time-any-view-becomes-a-majority-view-it-is-no-longer-the-best/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [Freedom can be preserved only if it is treated as a supreme principle which must not be sacrificed for particular advantages.](https://sms4smile.com/quotes/friedrich-august-von-hayek/freedom-can-be-preserved-only-if-it-is-treated-as-a-supreme-principle/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [Should our moral beliefs really prove to be dependent on factual assumptions shown to be incorrect, it would be hardly moral to defend them…](https://sms4smile.com/quotes/friedrich-august-von-hayek/should-our-moral-beliefs-really-prove-to-be-dependent-on-factual/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [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…](https://sms4smile.com/quotes/friedrich-august-von-hayek/it-is-true-that-the-virtues-which-are-less-esteemed-and-practiced-now/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [Unlike the rationalism of the French Revolution, true liberalism has no quarrel with religion, and I can only deplore the militant and essentially illiberal…](https://sms4smile.com/quotes/friedrich-august-von-hayek/unlike-the-rationalism-of-the-french-revolution-true-liberalism-has/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [We must make the building of a free society once more an intellectual adventure, a deed of courage… Unless we can make the philosophic…](https://sms4smile.com/quotes/friedrich-august-von-hayek/we-must-make-the-building-of-a-free-society-once-more-an-intellectual/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [The central problem of management is how spontaneous interaction of people within a firm, each possessing only bits of knowledge, can bring about the…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-central-problem-of-management-is-how-spontaneous-interaction-of/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [The discussions of every age are filled with the issues on which its leading schools of thought differ. But the general intellectual atmosphere of…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-discussions-of-every-age-are-filled-with-the-issues-on-which-its/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [The Nobel Prize confers on an individual an authority which in economics no man ought to possess.](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-nobel-prize-confers-on-an-individual-an-authority-which-in/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [ \[Socialistic\] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most… ](https://sms4smile.com/quotes/friedrich-august-von-hayek/socialistic-economic-planning-regulation-and-intervention-pave-the/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends…](https://sms4smile.com/quotes/friedrich-august-von-hayek/it-is-rather-a-problem-of-how-to-secure-the-best-use-of-resources/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [The state itself becomes more and more identified with the interests of those who run things than with the interests of the people in…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-state-itself-becomes-more-and-more-identified-with-the-interests/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice.](https://sms4smile.com/quotes/friedrich-august-von-hayek/we-must-face-the-fact-that-the-preservation-of-individual-freedom-is/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [Human envy is certainly not one of the sources of discontent that a free society can eliminate. It is probably one of the essential…](https://sms4smile.com/quotes/friedrich-august-von-hayek/human-envy-is-certainly-not-one-of-the-sources-of-discontent-that-a/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/ends/friedrich-august-von-hayek/#itemlist", "name": "16 Ends Quotes By Friedrich August von Hayek", "numberOfItems": 16, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "The principle that the end justifies the means is in individualist ethics regarded as the denial of all morals. 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"Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/it-is-rather-a-problem-of-how-to-secure-the-best-use-of-resources/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/1dd/friedrich-august-von-hayek-141_ends_it-is-rather-a-problem-of-how-to-secure_186570.jpg", "contentUrl": "https://sms4smile.com/quotes/i/1dd/friedrich-august-von-hayek-141_ends_it-is-rather-a-problem-of-how-to-secure_186570.jpg", "url": "https://sms4smile.com/quotes/i/1dd/friedrich-august-von-hayek-141_ends_it-is-rather-a-problem-of-how-to-secure_186570.jpg", "width": 1080, "height": 1080, "caption": "“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", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 5, "item": { "@type": "Quotation", "text": "If democracy is a means rather than an end, its limits must be determined in the light of the purpose we want it to serve.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/if-democracy-is-a-means-rather-than-an-end-its-limits-must-be/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a33/friedrich-august-von-hayek-141_democracy_if-democracy-is-a-means-rather-than-an-e_484314.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a33/friedrich-august-von-hayek-141_democracy_if-democracy-is-a-means-rather-than-an-e_484314.jpg", "url": "https://sms4smile.com/quotes/i/a33/friedrich-august-von-hayek-141_democracy_if-democracy-is-a-means-rather-than-an-e_484314.jpg", "width": 1080, "height": 1080, "caption": "“If democracy is a means rather than an end, its limits must be determined in the light of the purpose we…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": 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It requires an intellectual commitment to a type of order in which, even on issues which to one are fundamental, others are allowed to pursue different ends. It is for this reason that to the liberal neither moral nor religious ideals are proper objects of coercion, while both conservatives and socialists recognize no such limits.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/to-live-and-work-successfully-with-others-requires-more-than/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a46/friedrich-august-von-hayek-141_aim_to-live-and-work-successfully-with-other_1313526.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a46/friedrich-august-von-hayek-141_aim_to-live-and-work-successfully-with-other_1313526.jpg", "url": "https://sms4smile.com/quotes/i/a46/friedrich-august-von-hayek-141_aim_to-live-and-work-successfully-with-other_1313526.jpg", "width": 1080, "height": 1080, "caption": "“To live and work successfully with others requires more than faithfulness to one's concrete aims. 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with the result that they may all have to make a journey which most of them do not want at all.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/the-effect-of-the-people-s-agreeing-that-there-must-be-central/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/068/friedrich-august-von-hayek-141_central-planning_the-effect-of-the-people-s-agreeing-that_2027912.jpg", "contentUrl": "https://sms4smile.com/quotes/i/068/friedrich-august-von-hayek-141_central-planning_the-effect-of-the-people-s-agreeing-that_2027912.jpg", "url": "https://sms4smile.com/quotes/i/068/friedrich-august-von-hayek-141_central-planning_the-effect-of-the-people-s-agreeing-that_2027912.jpg", "width": 1080, "height": 1080, "caption": "“The effect of the people's agreeing that there must be central planning, without agreeing on the ends, will…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 11, "item": { "@type": "Quotation", "text": "There exists no third principle for the organisation of the economics process which can be rationally chosen to achieve any desirable ends, in addition to either a functioning market in which nobody can conclusively determine how well-off particular groups or individuals will be, or a central direction where a group organised for power determines it.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/there-exists-no-third-principle-for-the-organisation-of-the-economics/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/d8c/friedrich-august-von-hayek-141_achieve_there-exists-no-third-principle-for-the_3034678.jpg", "contentUrl": "https://sms4smile.com/quotes/i/d8c/friedrich-august-von-hayek-141_achieve_there-exists-no-third-principle-for-the_3034678.jpg", "url": "https://sms4smile.com/quotes/i/d8c/friedrich-august-von-hayek-141_achieve_there-exists-no-third-principle-for-the_3034678.jpg", "width": 1080, "height": 1080, "caption": "“There exists no third principle for the organisation of the economics process which can be rationally chosen…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 12, "item": { "@type": "Quotation", "text": "To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection -- a procedure which can only lead to a much more severe crisis as soon as the credit expansion comes to an end.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/to-combat-depression-by-a-forced-credit-expansion-is-to-attempt-to/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/956/friedrich-august-von-hayek-141_banking_to-combat-depression-by-a-forced-credit_3103746.jpg", "contentUrl": "https://sms4smile.com/quotes/i/956/friedrich-august-von-hayek-141_banking_to-combat-depression-by-a-forced-credit_3103746.jpg", "url": "https://sms4smile.com/quotes/i/956/friedrich-august-von-hayek-141_banking_to-combat-depression-by-a-forced-credit_3103746.jpg", "width": 1080, "height": 1080, "caption": "“To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 13, "item": { "@type": "Quotation", "text": "It is only because the majority opinion will always be opposed by some that our knowledge and understanding progress... it is always from a minority acting in ways different from what the majority would prescribe that the majority in the end learns to do better.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/it-is-only-because-the-majority-opinion-will-always-be-opposed-by/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/682/friedrich-august-von-hayek-141_acting_it-is-only-because-the-majority-opinion_922750.jpg", "contentUrl": "https://sms4smile.com/quotes/i/682/friedrich-august-von-hayek-141_acting_it-is-only-because-the-majority-opinion_922750.jpg", "url": "https://sms4smile.com/quotes/i/682/friedrich-august-von-hayek-141_acting_it-is-only-because-the-majority-opinion_922750.jpg", "width": 1080, "height": 1080, "caption": "“It is only because the majority opinion will always be opposed by some that our knowledge and understanding…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 14, "item": { "@type": "Quotation", "text": "If this is the degree of inflation planned for in advance, the real outcome is indeed likely to be such that most of those who will retire at the end of the century will be dependent on the charity of the younger generation. And ultimately not morals but the fact that the young supply the police and the army will decide the issue: concentration camps for the aged unable to maintain themselves are likely to be the fate of an old generation whose income is entirely dependent on coercing the young.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/if-this-is-the-degree-of-inflation-planned-for-in-advance-the-real/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/8a3/friedrich-august-von-hayek-141_army_if-this-is-the-degree-of-inflation-plann_2084343.jpg", "contentUrl": "https://sms4smile.com/quotes/i/8a3/friedrich-august-von-hayek-141_army_if-this-is-the-degree-of-inflation-plann_2084343.jpg", "url": "https://sms4smile.com/quotes/i/8a3/friedrich-august-von-hayek-141_army_if-this-is-the-degree-of-inflation-plann_2084343.jpg", "width": 1080, "height": 1080, "caption": "“If this is the degree of inflation planned for in advance, the real outcome is indeed likely to be such that…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 15, "item": { "@type": "Quotation", "text": "A general flat minimum-wage law for all industry is permissible, but I do not think that it is a particularly wise method of achieving the end. I know much better methods of providing a minimum for everybody. But once you turn from laying down a general minimum for all industry to decreeing particular and different minimum for different industries, then, of course, you make the price mechanism inoperative, because it is no longer the price mechanism which will guide people between industries and trades.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/a-general-flat-minimum-wage-law-for-all-industry-is-permissible-but-i/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/929/friedrich-august-von-hayek-141_achieve_a-general-flat-minimum-wage-law-for-all_1827499.jpg", "contentUrl": "https://sms4smile.com/quotes/i/929/friedrich-august-von-hayek-141_achieve_a-general-flat-minimum-wage-law-for-all_1827499.jpg", "url": "https://sms4smile.com/quotes/i/929/friedrich-august-von-hayek-141_achieve_a-general-flat-minimum-wage-law-for-all_1827499.jpg", "width": 1080, "height": 1080, "caption": "“A general flat minimum-wage law for all industry is permissible, but I do not think that it is a…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 16, "item": { "@type": "Quotation", "text": "The Socratic maxim that the recognition of our ignorance is the beginning of wisdom has profound significance for our understanding of society. Most of the advantages of social life, especially in the more advanced forms that we call \"civilization\" rest on the fact that the individual benefits from more knowledge than he is aware of. 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