Friedrich August Von Hayek quotes: wise famous quotes, sayings and quotations by Friedrich August Von Hayek

Friedrich August Von Hayek Famous Quotes & Sayings

Discover top inspirational quotes from Friedrich August Von Hayek on Wise Famous Quotes.

The state itself becomes more and more identified with the interests of those who run things than with the interests of the people in general.

The more I learn about the evolution of ideas, the more I have become aware that I am simply an unrepentant Old Whig-with the stress on the old.

There is, in a competitive society, nobody who can exercise even a fraction of the power which a socialist planning board would possess.

Our moral traditions developed concurrently with our reason, not as its product.

Human reason can neither predict nor deliberately shape its own future. Its advances consist in finding out where it has been wrong.

Nothing is more securely lodged than the ignorance of the experts.

To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about.

We shall not grow wiser before we learn that much that we have done was very foolish.

To be controlled in our economic pursuits means to be controlled in everything.

Never will man penetrate deeper into error than when he is continuing on a road which has led him to great success

We did not realise how fragile our civilisation was.

Any man who is only an economist is unlikely to be a good one.

The idea that human kind can shape the world according to wish is what I call the fatal conceit

Intellects whose desires have outstripped their understanding.

What a free society offers to the individual is much more than what he would be able to do if only he were free.

The idea of social justice is that the state should treat different people unequally in order to make them equal

It is not the source but the limitation of power which prevents it from being
arbitrary.

The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those who do not.

Whatever men live for, today most live only because of the market order.

The mind cannot foresee its own advance.

We shall all be the gainers if we can create a world fit for small states to live in.

You can have economic freedom without political freedom, but you cannot have political freedom without economic freedom.

Conservatism is only as good as what it conserves.

Socialism can only be put into practice only by methods which most socialists disapprove.

Wherever liberty as we understand it has been destroyed, this has almost always been done in the name of some new freedom promised to the people

Nobody with open eyes can any longer doubt that the danger to personal freedom comes chiefly from the left.

Liberty'.that condition of man in which coercion of some by others is reduced as much as possible in society

I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it.

Justice, like liberty and coercion, is a concept which, for the sake of clarity, ought to be confined to the deliberate treatment of men by other men.

The great aim of the struggle for liberty has been equality before the law.

Competition means decentralized planning by many separate persons.

The chief evil is unlimited government, and nobody is qualified to wield unlimited power.

Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom.

We must shed the illusion that we can deliberately 'create the future of mankind'

No human mind can comprehend all the knowledge which guides the actions of society.

Through the inevitable mismanagement of resources and goods at the disposal of the state, all forms of collectivism lead eventually to tyranny.

Once politics become a tug-of-war for shares in the income pie, decent government is impossible.

'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.

That order generated without design can far outstrip plans men consciously contrive

Hayek was making us think of the productive process as a process in time, inputs coming before outputs.

Freedom necessarily means that many things will be done which we do not like.

We have indeed at the moment little cause for pride: as a profession we have made a mess of things.

It is of the essence of the demand for equality before the law that people should be treated alike in spite of the fact that they are different.

[The] impersonal process of the market ... can be neither just nor unjust, because the results are not intended or foreseen.

When it becomes dominated by a collectivist creed, democracy will inevitably destroy itself.

If we can reduce the risk of friction likely to lead to war, this is probably all we can reasonably hope to achieve.

Socialism is simply a re-assertion of that tribal ethics whose gradual weakening had made an approach to the Great Society possible.

The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception.

If democracy is a means rather than an end, its limits must be determined in the light of the purpose we want it to serve.

Freedom can be preserved only if it is treated as a supreme principle which must not be sacrificed for particular advantages.

We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice.

Liberty is an opportunity for doing good, but this is only so when it is also an opportunity for doing wrong.

A policy of freedom for the individual is the only truly progressive policy.

Social justice rests on the hate towards those that enjoy a comfortable position, namely, upon envy.

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

It is when it is contended that "in a democracy right is what the majority makes it to be" that democracy degenerates into demagoguery.

Capitalism created the possibility of employment.