Achievement Quote 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

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

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

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

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

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

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

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

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

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

— 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…

— 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…

— Friedrich August von Hayek