[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by… — Friedrich August von Hayek Copy Share Image
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
It is rarely remembered now that socialism in its beginnings was frankly authoritarian. It began quite openly as a reaction against the… — Friedrich August von Hayek Copy Share Image
The problems raised by a conscious direction of economic affairs on a national scale inevitably assume even greater dimensions when the same… — 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
There is, in a competitive society, nobody who can exercise even a fraction of the power which a socialist planning board would… — Friedrich August von Hayek Copy Share Image
The effect of the people's agreeing that there must be central planning, without agreeing on the ends, will be rather as if… — Friedrich August von Hayek Copy Share Image
Competition means decentralized planning by many separate persons. — 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 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)
