Way Quotes by Friedrich August von Hayek

15 Way quotes by Friedrich August von Hayek

All Way quotes Friedrich August von Hayek’s page

Friedrich August von Hayek’s take on Way merges economic theory with philosophical nuance. Across fifteen concise statements, his analytical mind sketches how rational choice shapes the routes we pursue.

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[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

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We shall never prevent the abuse of power if we are not prepared to limit power in a way which occasionally may…

Friedrich August von Hayek

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It is only because the majority opinion will always be opposed by some that our knowledge and understanding progress... it is always…

Friedrich August von Hayek

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The attitude of the liberal towards society is like that of the gardener who tends a plant and, in order to create…

Friedrich August von Hayek

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It is possible for a dictator to govern in a liberal way. And it is also possible for a democracy to govern…

Friedrich August von Hayek

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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

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From the fact that people are very different it follows that, if we treat them equally, the result must be inequality in…

Friedrich August von Hayek

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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

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To undertake the direction of the economic life of people with widely divergent ideals and values is to assume responsibilities which commit…

Friedrich August von Hayek

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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

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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

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..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

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By the age of fifteen, I had convinced myself that nobody could give a reasonable explanation of what he meant by the…

Friedrich August von Hayek

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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

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Independence of mind or strength of character is rarely found among those who cannot be confident that they will make their way…

Friedrich August von Hayek

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More by Friedrich August von Hayek

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

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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

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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

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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

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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

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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

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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

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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

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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

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The Nobel Prize confers on an individual an authority which in economics no man ought to possess.

Friedrich August von Hayek

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[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