Hayek was making us think of the productive process as a process in time, inputs coming before outputs. — Friedrich August von Hayek Copy Share Image
It is also true that the less possible it becomes for a man to acquire a new fortune, the more must the… — Friedrich August von Hayek Copy Share Image
It is only because the majority opinion will always be opposed by some that our knowledge and understanding progress. In the process… — 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
Competition is like experimentation in science, a discovery process, and it must rely on the self interest of producers, it must allow… — Friedrich August von Hayek Copy Share Image
The conception that government should be guided by majority opinion makes sense only if that opinion is independent of government. The ideal… — Friedrich August von Hayek Copy Share Image
Many of the greatest things man has achieved are not the result of consciously directed thought, and still less the product of… — 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
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
![“[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)
