"We know, in other words, the general conditions……" — Friedrich August von Hayek
"We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium."
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Friedrich August von Hayek
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136 Quotes by Friedrich August von Hayek
Friedrich August von Hayek has 136 quotes on this site.
A few more worth reading:
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With the exception only of the period of the gold standard, practically all governments of history have used their exclusive…
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'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.
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The mind cannot foresee its own advance.
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...the case for individual freedom rests largely on the recognition of the inevitable and universal ignorance of all of us…
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All political theories assume, of course, that most individuals are very ignorant. Those who plead for liberty differ from the…
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The system of private property is the most important guaranty of freedom, not only for those who own property, but…
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The ultimate decision about what is accepted as right and wrong will be made not by individual human wisdom but…
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Justice, like liberty and coercion, is a concept which, for the sake of clarity, ought to be confined to the…
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What a free society offers to the individual is much more than what he would be able to do if…
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Human envy is certainly not one of the sources of discontent that a free society can eliminate. It is probably…
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Capitalism is not only a better form of organizing human activity than any deliberate design, any attempt to organize it…
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The principle that the end justifies the means is in individualist ethics regarded as the denial of all morals. In…
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More Bring Quotes
This quote is filed under Bring Quotes,
one of 7,563 quotes in that category. Here are a few more:
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Quickly, bring me a beaker of wine, so that I may wet my mind and say something clever.
— Aristophanes
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Bring your desires down to your present means. Increase them only when your increased means permit.
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To bring anything into your life, imagine that it's already there.
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God judged it better to bring good out of evil than to suffer no evil to exist.
— Saint Augustine
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Business, you know, may bring you money, but friendship hardly ever does.
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Kill all the rich people. Break up their cars and apartments. Bring the revolution home, kill your parents, that's where…
— Bill Ayers
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Each one of us, and, indeed, all those who aspire to national leadership must bring their own visions, views and…
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There are no mistakes. The events we bring upon ourselves, no matter how unpleasant, are necessary in order to learn…
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One of the factors a country's economy depends on is human capital. If you don't provide women with adequate access…
— Michelle Bachelet
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Small amounts of philosophy lead to atheism, but larger amounts bring us back to God.
— Francis Bacon
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There's three things: there's masculinity, there's intelligence, there's sensitivity. You've got to bring those three things to a leading man's…
— Alec Baldwin
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People want change. How is Barack going to do it? I think McCain can bring change.
— Stephen Baldwin
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