Planning leads to dictatorship because dictatorship is the most effective instrument of coercion and the enforcement of ideals and, as such, essential… — Friedrich August von Hayek Copy Share Image
What our generation has forgotten is that the system of private property is the most important guarantee of freedom, not only for… — Friedrich August von Hayek Copy Share Image
..where effective competition can be created, it is a better way of guiding individual efforts than any other... regards competition as superior… — Friedrich August von Hayek Copy Share Image
The advantage of a free market is that it allows millions of decision-makers to respond individually to freely determined prices, allocating resources… — Friedrich August von Hayek Copy Share Image
And who will deny that a world in which the wealthy are powerful is still a better world than one in which… — 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 younger generation of today has grown up in a world in which in school and press the spirit of commercial enterprise… — 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
Money is one of the greatest instruments of freedom ever invented by man. It is money which in existing society opens an… — 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)
