It is true that the virtues which are less esteemed and practiced now--independence, self-reliance, and the willingness to bear risks, the readiness… — 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
We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive… — 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… — Friedrich August von Hayek Copy Share Image
The word 'truth' itself ceases to have its old meaning. It describes no longer something to be found, with the individual conscience… — Friedrich August von Hayek Copy Share Image
The guiding principle that a policy of freedom for the individual is the only truly progressive policy remains as true today as… — Friedrich August von Hayek Copy Share Image
Every change in conditions will make necessary some change in the use of resources, in the direction and kind of human activities,… — Friedrich August von Hayek Copy Share Image
It is because every individual knows little and, in particular, because we rarely know which of us knows best best that we… — Friedrich August von Hayek Copy Share Image
It may indeed prove to be far the most difficult and not the least important task for human reason rationally to comprehend… — Friedrich August von Hayek Copy Share Image
'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded. — 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
A policy of freedom for the individual is the only truly progressive policy. — Friedrich August von Hayek Copy Share Image
The ultimate decision about what is accepted as right and wrong will be made not by individual human wisdom but by the… — Friedrich August von Hayek Copy Share Image
The mischievous idea that all public needs should be satisfied by compulsory organization and that all the means that individuals are willing… — Friedrich August von Hayek Copy Share Image
In the Small group the individual can know the effects of his actions on his several fellows, and the rules may effectively… — 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
..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 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
Liberty not only means that the individual has both the opportunity and the burden of choice; it also means that he must… — Friedrich August von Hayek Copy Share Image
It would clearly not be an improvement to build all houses exactly alike in order to create a perfect market for houses,… — Friedrich August von Hayek Copy Share Image
It is one of the most fatal illusions that, by substituting negotiations between states or organized groups for competition for markets or… — Friedrich August von Hayek Copy Share Image
Each member of society can have only a small fraction of the knowledge possessed by all, and...each is therefore ignorant of most… — Friedrich August von Hayek Copy Share Image
It is because freedom means the renunciation of direct control of individual efforts that a free society can make use of so… — 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 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 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)
