Friedrich Hayek

Friedrich Hayek

Austrian economist
Freedom can be preserved only if it is treated as a supreme principle which must not be sacrificed for particular advantages.More Friedrich Hayek quotes [03/29/2018 05:03:36]
... that order generated without design can far outstrip plans men consciously contriveMore Friedrich Hayek quotes [03/29/2018 05:03:36]
In abbreviated form, by a kind of symbol, only the most essential information is passed on and passed on only to those concerned. It is more than a metaphor to describe the price system as a kind of machinery for registering change, or a system of telecommunications which enables individual producers to watch merely the movement of a few pointers, as an engineer might watch the hands of a few dials, in order to adjust their activities to changes of which they may never know more than is reflected in the price movement.More Friedrich Hayek quotes [03/29/2018 05:03:36]
We know: of course, with regard to the market and similar social structures, a great many facts which we cannot measure and on which indeed we have only some very imprecise and general information.More Friedrich Hayek quotes [03/29/2018 05:03:36]
The ultimate decision about what is accepted as right and wrong will be made not by individual human wisdom but by the disappearance of the groups that have adhered to the "wrong" beliefs.More Friedrich Hayek quotes [03/29/2018 05:03:36]

Quotes of the month

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Anna Aronova Do what you do best. -AnnaIsAronova [09/24/2018 07:09:33] More


Eugene Ryabyi The greater a person, the harder for a law to get to him. [10/13/2018 06:10:52] More


Eugene Ryabyi It is impossible to be a realist in the virtual world. [10/15/2018 07:10:43] More