Whatever men live for, today most live only because of the market order. — Friedrich August von Hayek Copy Share Image
[The] impersonal process of the market ... can be neither just nor unjust, because the results are not intended or foreseen. — Friedrich August von Hayek Copy Share Image
We know: of course, with regard to the market and similar social structures, a great many facts which we cannot measure and… — Friedrich August von Hayek Copy Share Image
To create conditions in which competition will be as effective as possible, to prevent fraud and deception, to break up monopolies- these… — 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
Socialism constitutes a threat to the present and future welfare of the human race, in the sense that neither socialism nor any… — Friedrich August von Hayek Copy Share Image
By giving the government unlimited powers, the most arbitrary rule can be made legal; and in this way a democracy may set… — Friedrich August von Hayek Copy Share Image
Is there a greater tragedy imaginable than that, in our endeavour consciously to shape our future in accordance with high ideals, we… — Friedrich August von Hayek Copy Share Image
I am convinced that if the market system were the result of deliberate human design, and if the people guided by the… — 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
There is perhaps no single factor contributing so much to people's frequent reluctance to let the market work as their inability to conceive how some necessary balance, between demand and supply, between exports and imports, or the like, will be brought about without deliberate control. The conservative feels safe and content only if he is assured that some higher wisdom… — Friedrich August von Hayek Copy Share
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
Unlike liberalism, with its fundamental belief in the long-range power of ideas, conservatism is bound by the stock of ideas inherited at… — 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 one's own conviction against a majority, and the willingness to voluntary cooperation with one's neighbors--are essentially those on which the of an individualist society rests. Collectivism has nothing to put in their place, and in so… — Friedrich August von Hayek Copy Share
Unlike the rationalism of the French Revolution, true liberalism has no quarrel with religion, and I can only deplore the militant and essentially illiberal antireligionism which animated so much of nineteenth-century Continental liberalism. ... What distinguishes the liberal from the conservative here is that, however profound his own spiritual beliefs, he will never regard himself as entitled to impose them… — Friedrich August von Hayek Copy Share
We must make the building of a free society once more an intellectual adventure, a deed of courage… Unless we can make the philosophic foundations of a free society once more a living intellectual issue, and its implementation a task which challenges the ingenuity and imagination of our liveliest minds, the prospects of freedom are indeed dark. But if we… — Friedrich August von Hayek Copy Share
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
![“[The] impersonal process of the market ... can be neither just nor unjust, because the results are not intended or foreseen.” quote by Friedrich August von Hayek](https://sms4smile.com/quotes/img-quotes/001/friedrich-august-von-hayek-141_foreseen_the-impersonal-process-of-the-market-can_1558059.jpg)
![“[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)
