--- title: "15 Way Quotes By Friedrich August von Hayek" description: "15 Way quotes by Friedrich August von Hayek. Plus more from Friedrich August von Hayek and more Way sayings from other authors." image: "https://sms4smile.com/quotes/i/e34/friedrich-august-von-hayek-141_building_socialistic-economic-planning-regulation_162331.jpg" --- > [ \[Socialistic\] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by… ](https://sms4smile.com/quotes/friedrich-august-von-hayek/socialistic-economic-planning-regulation-and-intervention-pave-the/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/e34/friedrich-august-von-hayek-141_building_socialistic-economic-planning-regulation_162331.jpg) > [It is only because the majority opinion will always be opposed by some that our knowledge and understanding progress... it is always…](https://sms4smile.com/quotes/friedrich-august-von-hayek/it-is-only-because-the-majority-opinion-will-always-be-opposed-by/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/682/friedrich-august-von-hayek-141_acting_it-is-only-because-the-majority-opinion_922750.jpg) > [We shall never prevent the abuse of power if we are not prepared to limit power in a way which occasionally may…](https://sms4smile.com/quotes/friedrich-august-von-hayek/we-shall-never-prevent-the-abuse-of-power-if-we-are-not-prepared-to/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/40b/friedrich-august-von-hayek-141_abuse_we-shall-never-prevent-the-abuse-of-powe_934713.jpg) > [It is possible for a dictator to govern in a liberal way. And it is also possible for a democracy to govern…](https://sms4smile.com/quotes/friedrich-august-von-hayek/it-is-possible-for-a-dictator-to-govern-in-a-liberal-way-and-it-is/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/c72/friedrich-august-von-hayek-141_democracy_it-is-possible-for-a-dictator-to-govern_1880306.jpg) > [By giving the government unlimited powers, the most arbitrary rule can be made legal; and in this way a democracy may set…](https://sms4smile.com/quotes/friedrich-august-von-hayek/by-giving-the-government-unlimited-powers-the-most-arbitrary-rule-can/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/2ca/friedrich-august-von-hayek-141_arbitrary_by-giving-the-government-unlimited-power_2153223.jpg) > [The attitude of the liberal towards society is like that of the gardener who tends a plant and, in order to create…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-attitude-of-the-liberal-towards-society-is-like-that-of-the/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/f66/friedrich-august-von-hayek-141_attitude_the-attitude-of-the-liberal-towards-soci_1556900.jpg) > [From the fact that people are very different it follows that, if we treat them equally, the result must be inequality in…](https://sms4smile.com/quotes/friedrich-august-von-hayek/from-the-fact-that-people-are-very-different-it-follows-that-if-we/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/3c8/friedrich-august-von-hayek-141_achieve_from-the-fact-that-people-are-very-diffe_3230110.jpg) > [Our submission to general principles is necessary because we cannot be guided in our practical action by full knowledge and evaluation of…](https://sms4smile.com/quotes/friedrich-august-von-hayek/our-submission-to-general-principles-is-necessary-because-we-cannot/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/a1f/friedrich-august-von-hayek-141_action_our-submission-to-general-principles-is_3150677.jpg) > [To undertake the direction of the economic life of people with widely divergent ideals and values is to assume responsibilities which commit…](https://sms4smile.com/quotes/friedrich-august-von-hayek/to-undertake-the-direction-of-the-economic-life-of-people-with-widely/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/291/friedrich-august-von-hayek-141_affected_to-undertake-the-direction-of-the-econom_3113332.jpg) > [Each member of society can have only a small fraction of the knowledge possessed by all, and...each is therefore ignorant of most…](https://sms4smile.com/quotes/friedrich-august-von-hayek/each-member-of-society-can-have-only-a-small-fraction-of-the/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/fbc/friedrich-august-von-hayek-141_acquisition_each-member-of-society-can-have-only-a-s_1402496.jpg) > [By the age of fifteen, I had convinced myself that nobody could give a reasonable explanation of what he meant by the…](https://sms4smile.com/quotes/friedrich-august-von-hayek/by-the-age-of-fifteen-i-had-convinced-myself-that-nobody-could-give-a/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/4b4/friedrich-august-von-hayek-141_age_by-the-age-of-fifteen-i-had-convinced-my_492633.jpg) > [Independence of mind or strength of character is rarely found among those who cannot be confident that they will make their way…](https://sms4smile.com/quotes/friedrich-august-von-hayek/independence-of-mind-or-strength-of-character-is-rarely-found-among/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/68f/friedrich-august-von-hayek-141_absolutes_independence-of-mind-or-strength-of-char_363071.jpg) > [In the Small group the individual can know the effects of his actions on his several fellows, and the rules may effectively…](https://sms4smile.com/quotes/friedrich-august-von-hayek/in-the-small-group-the-individual-can-know-the-effects-of-his-actions/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/80c/friedrich-august-von-hayek-141_action_in-the-small-group-the-individual-can-kn_963659.jpg) > [..where effective competition can be created, it is a better way of guiding individual efforts than any other... regards competition as superior…](https://sms4smile.com/quotes/friedrich-august-von-hayek/where-effective-competition-can-be-created-it-is-a-better-way-of/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/bd2/friedrich-august-von-hayek-141_activity_where-effective-competition-can-be-creat_1051192.jpg) > [ Our hopes of avoiding the fate which threatens must...\[be to make\]adjustments that will be needed if we are to recover and surpass… ](https://sms4smile.com/quotes/friedrich-august-von-hayek/our-hopes-of-avoiding-the-fate-which-threatens-must-be-to-make/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) [Image](https://sms4smile.com/quotes/i/2e7/friedrich-august-von-hayek-141_able_our-hopes-of-avoiding-the-fate-which-thr_2139658.jpg) ## Other authors on Way ## 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…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-system-of-private-property-is-the-most-important-guaranty-of/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [By the time any view becomes a majority view, it is no longer the best view: somebody will already have advanced beyond the point…](https://sms4smile.com/quotes/friedrich-august-von-hayek/by-the-time-any-view-becomes-a-majority-view-it-is-no-longer-the-best/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [Freedom can be preserved only if it is treated as a supreme principle which must not be sacrificed for particular advantages.](https://sms4smile.com/quotes/friedrich-august-von-hayek/freedom-can-be-preserved-only-if-it-is-treated-as-a-supreme-principle/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [Should our moral beliefs really prove to be dependent on factual assumptions shown to be incorrect, it would be hardly moral to defend them…](https://sms4smile.com/quotes/friedrich-august-von-hayek/should-our-moral-beliefs-really-prove-to-be-dependent-on-factual/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [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…](https://sms4smile.com/quotes/friedrich-august-von-hayek/it-is-true-that-the-virtues-which-are-less-esteemed-and-practiced-now/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [Unlike the rationalism of the French Revolution, true liberalism has no quarrel with religion, and I can only deplore the militant and essentially illiberal…](https://sms4smile.com/quotes/friedrich-august-von-hayek/unlike-the-rationalism-of-the-french-revolution-true-liberalism-has/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [We must make the building of a free society once more an intellectual adventure, a deed of courage… Unless we can make the philosophic…](https://sms4smile.com/quotes/friedrich-august-von-hayek/we-must-make-the-building-of-a-free-society-once-more-an-intellectual/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [The central problem of management is how spontaneous interaction of people within a firm, each possessing only bits of knowledge, can bring about the…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-central-problem-of-management-is-how-spontaneous-interaction-of/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [The discussions of every age are filled with the issues on which its leading schools of thought differ. But the general intellectual atmosphere of…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-discussions-of-every-age-are-filled-with-the-issues-on-which-its/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [The Nobel Prize confers on an individual an authority which in economics no man ought to possess.](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-nobel-prize-confers-on-an-individual-an-authority-which-in/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [ \[Socialistic\] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most… ](https://sms4smile.com/quotes/friedrich-august-von-hayek/socialistic-economic-planning-regulation-and-intervention-pave-the/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends…](https://sms4smile.com/quotes/friedrich-august-von-hayek/it-is-rather-a-problem-of-how-to-secure-the-best-use-of-resources/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [The state itself becomes more and more identified with the interests of those who run things than with the interests of the people in…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-state-itself-becomes-more-and-more-identified-with-the-interests/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice.](https://sms4smile.com/quotes/friedrich-august-von-hayek/we-must-face-the-fact-that-the-preservation-of-individual-freedom-is/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [Human envy is certainly not one of the sources of discontent that a free society can eliminate. It is probably one of the essential…](https://sms4smile.com/quotes/friedrich-august-von-hayek/human-envy-is-certainly-not-one-of-the-sources-of-discontent-that-a/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/way/friedrich-august-von-hayek/#itemlist", "name": "15 Way Quotes By Friedrich August von Hayek", "numberOfItems": 15, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "[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.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/socialistic-economic-planning-regulation-and-intervention-pave-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/e34/friedrich-august-von-hayek-141_building_socialistic-economic-planning-regulation_162331.jpg", "contentUrl": "https://sms4smile.com/quotes/i/e34/friedrich-august-von-hayek-141_building_socialistic-economic-planning-regulation_162331.jpg", "url": "https://sms4smile.com/quotes/i/e34/friedrich-august-von-hayek-141_building_socialistic-economic-planning-regulation_162331.jpg", "width": 1080, "height": 1080, "caption": "“[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "It is only because the majority opinion will always be opposed by some that our knowledge and understanding progress... it is always from a minority acting in ways different from what the majority would prescribe that the majority in the end learns to do better.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/it-is-only-because-the-majority-opinion-will-always-be-opposed-by/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/682/friedrich-august-von-hayek-141_acting_it-is-only-because-the-majority-opinion_922750.jpg", "contentUrl": "https://sms4smile.com/quotes/i/682/friedrich-august-von-hayek-141_acting_it-is-only-because-the-majority-opinion_922750.jpg", "url": "https://sms4smile.com/quotes/i/682/friedrich-august-von-hayek-141_acting_it-is-only-because-the-majority-opinion_922750.jpg", "width": 1080, "height": 1080, "caption": "“It is only because the majority opinion will always be opposed by some that our knowledge and understanding…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "We shall never prevent the abuse of power if we are not prepared to limit power in a way which occasionally may prevent its use for desirable purposes.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/we-shall-never-prevent-the-abuse-of-power-if-we-are-not-prepared-to/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/40b/friedrich-august-von-hayek-141_abuse_we-shall-never-prevent-the-abuse-of-powe_934713.jpg", "contentUrl": "https://sms4smile.com/quotes/i/40b/friedrich-august-von-hayek-141_abuse_we-shall-never-prevent-the-abuse-of-powe_934713.jpg", "url": "https://sms4smile.com/quotes/i/40b/friedrich-august-von-hayek-141_abuse_we-shall-never-prevent-the-abuse-of-powe_934713.jpg", "width": 1080, "height": 1080, "caption": "“We shall never prevent the abuse of power if we are not prepared to limit power in a way which occasionally…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 4, "item": { "@type": "Quotation", "text": "It is possible for a dictator to govern in a liberal way. And it is also possible for a democracy to govern with a total lack of liberalism. Personally I prefer a liberal dictator to democratic government lacking liberalism.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/it-is-possible-for-a-dictator-to-govern-in-a-liberal-way-and-it-is/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c72/friedrich-august-von-hayek-141_democracy_it-is-possible-for-a-dictator-to-govern_1880306.jpg", "contentUrl": "https://sms4smile.com/quotes/i/c72/friedrich-august-von-hayek-141_democracy_it-is-possible-for-a-dictator-to-govern_1880306.jpg", "url": "https://sms4smile.com/quotes/i/c72/friedrich-august-von-hayek-141_democracy_it-is-possible-for-a-dictator-to-govern_1880306.jpg", "width": 1080, "height": 1080, "caption": "“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", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 5, "item": { "@type": "Quotation", "text": "By giving the government unlimited powers, the most arbitrary rule can be made legal; and in this way a democracy may set up the most complete despotism imaginable.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/by-giving-the-government-unlimited-powers-the-most-arbitrary-rule-can/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/2ca/friedrich-august-von-hayek-141_arbitrary_by-giving-the-government-unlimited-power_2153223.jpg", "contentUrl": "https://sms4smile.com/quotes/i/2ca/friedrich-august-von-hayek-141_arbitrary_by-giving-the-government-unlimited-power_2153223.jpg", "url": "https://sms4smile.com/quotes/i/2ca/friedrich-august-von-hayek-141_arbitrary_by-giving-the-government-unlimited-power_2153223.jpg", "width": 1080, "height": 1080, "caption": "“By giving the government unlimited powers, the most arbitrary rule can be made legal; and in this way a…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 6, "item": { "@type": "Quotation", "text": "The attitude of the liberal towards society is like that of the gardener who tends a plant and, in order to create the conditions most favorable to its growth, must know as much as possible about its structure and the way it functions.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/the-attitude-of-the-liberal-towards-society-is-like-that-of-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/f66/friedrich-august-von-hayek-141_attitude_the-attitude-of-the-liberal-towards-soci_1556900.jpg", "contentUrl": "https://sms4smile.com/quotes/i/f66/friedrich-august-von-hayek-141_attitude_the-attitude-of-the-liberal-towards-soci_1556900.jpg", "url": "https://sms4smile.com/quotes/i/f66/friedrich-august-von-hayek-141_attitude_the-attitude-of-the-liberal-towards-soci_1556900.jpg", "width": 1080, "height": 1080, "caption": "“The attitude of the liberal towards society is like that of the gardener who tends a plant and, in order to…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 7, "item": { "@type": "Quotation", "text": "From the fact that people are very different it follows that, if we treat them equally, the result must be inequality in their actual position, and that the only way to place them in an equal position would be to treat them differently. Equality before the law and material equality are therefore not only different but are in conflict with each other; and we can achieve either one or the other, but not both at the same time", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/from-the-fact-that-people-are-very-different-it-follows-that-if-we/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/3c8/friedrich-august-von-hayek-141_achieve_from-the-fact-that-people-are-very-diffe_3230110.jpg", "contentUrl": "https://sms4smile.com/quotes/i/3c8/friedrich-august-von-hayek-141_achieve_from-the-fact-that-people-are-very-diffe_3230110.jpg", "url": "https://sms4smile.com/quotes/i/3c8/friedrich-august-von-hayek-141_achieve_from-the-fact-that-people-are-very-diffe_3230110.jpg", "width": 1080, "height": 1080, "caption": "“From the fact that people are very different it follows that, if we treat them equally, the result must be…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 8, "item": { "@type": "Quotation", "text": "Our submission to general principles is necessary because we cannot be guided in our practical action by full knowledge and evaluation of the consequences. So long as men are not omniscient, the only way in which freedom can be given to the individual is by such general rules to delimit the sphere in which the decision is his. There can be no freedom if the government is not limited to particular kinds of action but can use its powers in any ways which serve particular ends.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/our-submission-to-general-principles-is-necessary-because-we-cannot/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a1f/friedrich-august-von-hayek-141_action_our-submission-to-general-principles-is_3150677.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a1f/friedrich-august-von-hayek-141_action_our-submission-to-general-principles-is_3150677.jpg", "url": "https://sms4smile.com/quotes/i/a1f/friedrich-august-von-hayek-141_action_our-submission-to-general-principles-is_3150677.jpg", "width": 1080, "height": 1080, "caption": "“Our submission to general principles is necessary because we cannot be guided in our practical action by…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "To undertake the direction of the economic life of people with widely divergent ideals and values is to assume responsibilities which commit one to the use of force; it is to assume a position where the best intentions cannot prevent one from being forced to act in a way which to some of those affected must appear highly immoral. This is true even if we assume the dominant power to be as idealistic and unselfish as we can possibly conceive. But how small is the likelihood that it will be unselfish, and how great are the temptations!", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/to-undertake-the-direction-of-the-economic-life-of-people-with-widely/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/291/friedrich-august-von-hayek-141_affected_to-undertake-the-direction-of-the-econom_3113332.jpg", "contentUrl": "https://sms4smile.com/quotes/i/291/friedrich-august-von-hayek-141_affected_to-undertake-the-direction-of-the-econom_3113332.jpg", "url": "https://sms4smile.com/quotes/i/291/friedrich-august-von-hayek-141_affected_to-undertake-the-direction-of-the-econom_3113332.jpg", "width": 1080, "height": 1080, "caption": "“To undertake the direction of the economic life of people with widely divergent ideals and values is to…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 10, "item": { "@type": "Quotation", "text": "Each member of society can have only a small fraction of the knowledge possessed by all, and...each is therefore ignorant of most of the facts on which the working of society rests...civilization rests on the fact that we all benefit from knowledge which we do not possess. And one of the ways in which civilization helps us to overcome that limitation on the extent of individual knowledge is by conquering intelligence, not by the acquisition of more knowledge, but by the utilization of knowledge which is and which remains widely dispersed among individuals.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/each-member-of-society-can-have-only-a-small-fraction-of-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/fbc/friedrich-august-von-hayek-141_acquisition_each-member-of-society-can-have-only-a-s_1402496.jpg", "contentUrl": "https://sms4smile.com/quotes/i/fbc/friedrich-august-von-hayek-141_acquisition_each-member-of-society-can-have-only-a-s_1402496.jpg", "url": "https://sms4smile.com/quotes/i/fbc/friedrich-august-von-hayek-141_acquisition_each-member-of-society-can-have-only-a-s_1402496.jpg", "width": 1080, "height": 1080, "caption": "“Each member of society can have only a small fraction of the knowledge possessed by all, and...each is…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 11, "item": { "@type": "Quotation", "text": "By the age of fifteen, I had convinced myself that nobody could give a reasonable explanation of what he meant by the word 'God' and that it was therefore as meaningless to assert a belief as to assert a disbelief in God. Though this, in a general way, has remained my position ever since, I have always avoided unnecessarily to offend other people holding religious belief by displaying my lack of such belief, or even stating my lack of belief, if I was not challenged.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/by-the-age-of-fifteen-i-had-convinced-myself-that-nobody-could-give-a/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/4b4/friedrich-august-von-hayek-141_age_by-the-age-of-fifteen-i-had-convinced-my_492633.jpg", "contentUrl": "https://sms4smile.com/quotes/i/4b4/friedrich-august-von-hayek-141_age_by-the-age-of-fifteen-i-had-convinced-my_492633.jpg", "url": "https://sms4smile.com/quotes/i/4b4/friedrich-august-von-hayek-141_age_by-the-age-of-fifteen-i-had-convinced-my_492633.jpg", "width": 1080, "height": 1080, "caption": "“By the age of fifteen, I had convinced myself that nobody could give a reasonable explanation of what he…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 12, "item": { "@type": "Quotation", "text": "Independence of mind or strength of character is rarely found among those who cannot be confident that they will make their way by their own effort… Indeed, when security is understood in too absolute a sense, the general striving for it, far from increasing the chances of freedom, becomes the greatest threat to it.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/independence-of-mind-or-strength-of-character-is-rarely-found-among/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/68f/friedrich-august-von-hayek-141_absolutes_independence-of-mind-or-strength-of-char_363071.jpg", "contentUrl": "https://sms4smile.com/quotes/i/68f/friedrich-august-von-hayek-141_absolutes_independence-of-mind-or-strength-of-char_363071.jpg", "url": "https://sms4smile.com/quotes/i/68f/friedrich-august-von-hayek-141_absolutes_independence-of-mind-or-strength-of-char_363071.jpg", "width": 1080, "height": 1080, "caption": "“Independence of mind or strength of character is rarely found among those who cannot be confident that they…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 13, "item": { "@type": "Quotation", "text": "In the Small group the individual can know the effects of his actions on his several fellows, and the rules may effectively forbid him to harm them in any manner and even require him to assist them in specific ways. In the Great Society many of the effects of a person's actions on various fellows must be unknown to him. It can, therefore, not be the specific effects in the particular case, but only rules which define kinds of actions prohibited or required, which must serve as guides to the individual.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/in-the-small-group-the-individual-can-know-the-effects-of-his-actions/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/80c/friedrich-august-von-hayek-141_action_in-the-small-group-the-individual-can-kn_963659.jpg", "contentUrl": "https://sms4smile.com/quotes/i/80c/friedrich-august-von-hayek-141_action_in-the-small-group-the-individual-can-kn_963659.jpg", "url": "https://sms4smile.com/quotes/i/80c/friedrich-august-von-hayek-141_action_in-the-small-group-the-individual-can-kn_963659.jpg", "width": 1080, "height": 1080, "caption": "“In the Small group the individual can know the effects of his actions on his several fellows, and the rules…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 14, "item": { "@type": "Quotation", "text": "..where effective competition can be created, it is a better way of guiding individual efforts than any other... regards competition as superior not only because it is in most circumstances the most efficient method known but even more because it is the only method by which our activities can be adjusted to each other without coercive or arbitrary intervention of authority.", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/where-effective-competition-can-be-created-it-is-a-better-way-of/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/bd2/friedrich-august-von-hayek-141_activity_where-effective-competition-can-be-creat_1051192.jpg", "contentUrl": "https://sms4smile.com/quotes/i/bd2/friedrich-august-von-hayek-141_activity_where-effective-competition-can-be-creat_1051192.jpg", "url": "https://sms4smile.com/quotes/i/bd2/friedrich-august-von-hayek-141_activity_where-effective-competition-can-be-creat_1051192.jpg", "width": 1080, "height": 1080, "caption": "“..where effective competition can be created, it is a better way of guiding individual efforts than any…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 15, "item": { "@type": "Quotation", "text": "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 free men who can choose their own way of life. Let a uniform minimum be secured to everybody by all means; but let us admit at the same time that with this assurance of a basic minimum all claims for a privileged security for particular classes must lapse…", "creator": { "@type": "Person", "name": "Friedrich August von Hayek" }, "url": "https://sms4smile.com/quotes/friedrich-august-von-hayek/our-hopes-of-avoiding-the-fate-which-threatens-must-be-to-make/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/2e7/friedrich-august-von-hayek-141_able_our-hopes-of-avoiding-the-fate-which-thr_2139658.jpg", "contentUrl": "https://sms4smile.com/quotes/i/2e7/friedrich-august-von-hayek-141_able_our-hopes-of-avoiding-the-fate-which-thr_2139658.jpg", "url": "https://sms4smile.com/quotes/i/2e7/friedrich-august-von-hayek-141_able_our-hopes-of-avoiding-the-fate-which-thr_2139658.jpg", "width": 1080, "height": 1080, "caption": "“Our hopes of avoiding the fate which threatens must...[be to make]adjustments that will be needed if we are…” — Friedrich August von Hayek", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/way/friedrich-august-von-hayek/#webpage", "url": "https://sms4smile.com/quotes/about/way/friedrich-august-von-hayek/", "name": "Way Quotes by Friedrich August von Hayek", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/way/friedrich-august-von-hayek/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/e34/friedrich-august-von-hayek-141_building_socialistic-economic-planning-regulation_162331.jpg" }, "description": "15 Way quotes by Friedrich August von Hayek. Plus more from Friedrich August von Hayek and more Way sayings from other authors.", "breadcrumb": { "@id": "https://sms4smile.com/quotes/about/way/friedrich-august-von-hayek/#breadcrumb" } }, { "@type": "BreadcrumbList", "@id": "https://sms4smile.com/quotes/about/way/friedrich-august-von-hayek/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Topics", "item": "https://sms4smile.com/quotes/categories/" }, { "@type": "ListItem", "position": 4, "name": "Way", "item": "https://sms4smile.com/quotes/about/way/" }, { "@type": "ListItem", "position": 5, "name": "Friedrich August von Hayek", "item": "https://sms4smile.com/quotes/about/way/friedrich-august-von-hayek/" } ] }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```