Once wide coercive powers are given to governmental agencies for particular purposes, such powers cannot be effectively controlled by democratic assemblies. — 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
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
If we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is… — 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
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
I regard it in fact as the great advantage of the mathematical technique that it allows us to describe, by means of… — Friedrich August von Hayek Copy Share Image
The importance of our being free to do a particular thing has nothing to do with the question of whether we or… — Friedrich August von Hayek Copy Share Image
Our faith in freedom does not rest on the foreseeable results in particular circumstances, but on the belief that it will, on… — Friedrich August von Hayek Copy Share Image
The chief point we must remember is that the great and rapid advance of the physical sciences took place in fields where… — Friedrich August von Hayek Copy Share Image
It is not difficult to deprive the great majority of independent thought. But the minority who will retain an inclination to criticize… — Friedrich August von Hayek Copy Share Image
We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we… — 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
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
Our hopes of avoiding the fate which threatens must...[be to make]adjustments that will be needed if we are to recover and surpass… — 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
It is, indeed, part of the liberal attitude to assume that, especially in the economic field, the self-regulating forces of the market… — 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
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
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
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
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
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
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
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
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
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
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
The Nobel Prize confers on an individual an authority which in economics no man ought to possess. — Friedrich August von Hayek Copy Share
[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
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
The state itself becomes more and more identified with the interests of those who run things than with the interests of the people in… — Friedrich August von Hayek Copy Share
We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice. — Friedrich August von Hayek Copy Share
Human envy is certainly not one of the sources of discontent that a free society can eliminate. It is probably one of the essential… — Friedrich August von Hayek Copy Share
![“Our hopes of avoiding the fate which threatens must...[be to make]adjustments that will be needed if we are to recover and surpass our former standards...and only if every one of us is ready to individually obey the necessities of readjustment shall we be able to get through a difficult period as…” quote by Friedrich August von Hayek](https://sms4smile.com/quotes/i/2e7/friedrich-august-von-hayek-141_able_our-hopes-of-avoiding-the-fate-which-thr_2139658.jpg)
