Friedrich Hayek Quotes: top 82 famous quotes about Friedrich Hayek

Friedrich Hayek Quotes & Sayings

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Friedrich Hayek is not an important figure in the history of macroeconomics. — Paul Krugman

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. — Friedrich August Von Hayek

But what socialists seriously contemplate the equal division of existing capital resources among the people of the world? — Friedrich Hayek

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. — Friedrich August Von Hayek

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

The source and root of all monetary evil [is] the government monopoly on the issue and control of money. - Friedrich Hayek — George Gilder

Our moral traditions developed concurrently with our reason, not as its product. — Friedrich August Von Hayek

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

Nothing is more securely lodged than the ignorance of the experts. — Friedrich August Von Hayek

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

We shall not grow wiser before we learn that much that we have done was very foolish. — Friedrich August Von Hayek

Though freedom is not a state of nature but an artifact of civilization, it did not arise from design. — Friedrich Hayek

To be controlled in our economic pursuits means to be controlled in everything. — Friedrich August Von Hayek

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

The fall of the Berlin Wall did more for the progress of freedom than all of the books written by myself or Friedrich Hayek or others. — Milton Friedman

We did not realise how fragile our civilisation was. — Friedrich August Von Hayek

Fascism is the stage reached after communism has proved an illusion. — Friedrich Hayek

Any man who is only an economist is unlikely to be a good one. — Friedrich August Von Hayek

The idea that human kind can shape the world according to wish is what I call the fatal conceit — Friedrich August Von Hayek

In any society freedom of thought will probably be of direct significance only for a small minority. — Friedrich Hayek

Intellects whose desires have outstripped their understanding. — Friedrich August Von Hayek

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

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

It is not the source but the limitation of power which prevents it from being
arbitrary. — Friedrich August Von Hayek

If socialists understood economics they wouldn't be socialists. — Friedrich Hayek

The curious task of economics is to demonstrate to men how little they really know about what they imagine the can design. — Friedrich 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 who do not. — Friedrich August Von Hayek

Freedom is order through law. — Friedrich A. Hayek

Whatever men live for, today most live only because of the market order. — Friedrich August Von Hayek

The mind cannot foresee its own advance. — Friedrich August Von Hayek

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

You can have economic freedom without political freedom, but you cannot have political freedom without economic freedom. — Friedrich August Von Hayek

(Oxford: Clarendon — Friedrich A. Hayek

We must raise and train an army of fighters for freedom. — Friedrich Hayek

No one has characterized market mechanisms better than Friedrich von Hayek. — Herbert Simon

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

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. — Friedrich August Von Hayek

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

The price system is a mechanism for coordinating knowledge; and — Friedrich Hayek

Freedom necessarily means that many things will be done which we do not like. — Friedrich August Von Hayek

Liberty'.that condition of man in which coercion of some by others is reduced as much as possible in society — Friedrich August Von Hayek

The great aim of the struggle for liberty has been equality before the law. — Friedrich August Von Hayek

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

The mind can never foresee its own advance — Friedrich A. Hayek

That order generated without design can far outstrip plans men consciously contrive — Friedrich August Von Hayek

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

To assume all the knowledge to be given to a single mind ... is to disregard everything that is important and significant in the real world. — Friedrich Hayek

'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded. — Friedrich August Von Hayek

The more the state "plans" the more difficult planning becomes for the individual. — Friedrich Hayek

To act on behalf of a group seems to free people of many of the moral restraints which control their behaviour as individuals within the group. — Friedrich Hayek

Competition means decentralized planning by many separate persons. — Friedrich August Von Hayek

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 — Friedrich August Von Hayek

The chief evil is unlimited government, and nobody is qualified to wield unlimited power. — Friedrich August Von Hayek

Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom. — Friedrich August Von Hayek

We must shed the illusion that we can deliberately 'create the future of mankind' — Friedrich August Von Hayek

No human mind can comprehend all the knowledge which guides the actions of society. — Friedrich August Von Hayek

Social justice rests on the hate towards those that enjoy a comfortable position, namely, upon envy. — Friedrich August Von Hayek

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

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. — 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

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

Liberty is an opportunity for doing good, but this is only so when it is also an opportunity for doing wrong. — Friedrich August Von Hayek

The root and source of all monetary evil is the government's monopoly on money. — Friedrich A. Hayek

The ultimate ends of the activities of reasonable beings are never economic. Money is one of the greatest instruments of freedom ever invented by man. — Friedrich Hayek

The most intelligent defender of capitalism in the modern period is Friedrich Hayek. — Irving Kristol

A policy of freedom for the individual is the only truly progressive policy. — Friedrich August Von Hayek

From the saintly and single-minded idealist to the fanatic is often but a step. — Friedrich Hayek

Civilization rests on the fact that we all benefit from knowledge which we do not possess. — Friedrich Hayek

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

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. — Friedrich August Von Hayek

Conservatism is only as good as what it conserves. — 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

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

Our necessary ignorance of so much means that we have to deal largely with probabilities and chances — Friedrich A. Hayek

When it becomes dominated by a collectivist creed, democracy will inevitably destroy itself. — Friedrich August Von Hayek

Capitalism created the possibility of employment. — Friedrich August Von Hayek

What has made men good is neither nature nor reason but tradition. — Friedrich A. Hayek

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

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

Nobody with open eyes can any longer doubt that the danger to personal freedom comes chiefly from the left. — Friedrich August Von Hayek

Socialism can only be put into practice only by methods which most socialists disapprove. — Friedrich August Von Hayek

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