"Competition is like experimentation in science, a discovery……" — Friedrich August von Hayek
"Competition is like experimentation in science, a discovery process, and it must rely on the self interest of producers, it must allow them to use their knowledge for their purposes, because nobody else possesses the information"
—
Friedrich August von Hayek
★
★
★
★
★
0.0 avg (0 ratings)
136 Quotes by Friedrich August von Hayek
Friedrich August von Hayek has 136 quotes on this site.
A few more worth reading:
-
With the exception only of the period of the gold standard, practically all governments of history have used their exclusive…
-
'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.
-
The mind cannot foresee its own advance.
-
...the case for individual freedom rests largely on the recognition of the inevitable and universal ignorance of all of us…
-
All political theories assume, of course, that most individuals are very ignorant. Those who plead for liberty differ from the…
-
The system of private property is the most important guaranty of freedom, not only for those who own property, but…
-
The ultimate decision about what is accepted as right and wrong will be made not by individual human wisdom but…
-
Justice, like liberty and coercion, is a concept which, for the sake of clarity, ought to be confined to the…
-
What a free society offers to the individual is much more than what he would be able to do if…
-
Human envy is certainly not one of the sources of discontent that a free society can eliminate. It is probably…
-
Capitalism is not only a better form of organizing human activity than any deliberate design, any attempt to organize it…
-
The principle that the end justifies the means is in individualist ethics regarded as the denial of all morals. In…
See all 136 quotes by Friedrich August von Hayek »
More Allow Quotes
This quote is filed under Allow Quotes,
one of 3,313 quotes in that category. Here are a few more:
See all 3,313 Allow Quotes »