"Socialist thought owes its appeal to the young……" — Friedrich August von Hayek

Socialist thought owes its appeal to the young largely to its visionary… - Friedrich August von Hayek

"Socialist thought owes its appeal to the young largely to its visionary character; the very courage to indulge in Utopian thought is in this respect a source of strength for socialism which traditional liberalism sadly lacks. Speculation about general principles provides an opportunity for the play of the imagination of those who are unencumbered by much knowledge of the facts of present-day life. Their ideas suffer from inherent contradictions, and any attempt to put them into practice must produce something utterly different from what they expect."

— Friedrich August von Hayek

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136 Quotes by Friedrich August von Hayek

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