Friedrich Hayek

Friedrich Hayek

Austrian economist
Many of the greatest things man has achieved are not the result of consciously directed thought, and still less the product of a deliberately coordinated effort of many individuals, but of a process in which the individual plays a part which he can never fully understand.More Friedrich Hayek quotes [03/29/2018 05:03:36]
It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide.More Friedrich Hayek quotes [03/29/2018 05:03:36]
Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom.More Friedrich Hayek quotes [08/14/2011 01:08:48]
Conservatives are inclined to use the powers of government to prevent change or to limit its rate to whatever appeals to the more timid mind. In looking forward, they lack the faith in the spontaneous forces of adjustment which makes the liberal accept changes without apprehension, even though he does not know how the necessary adaptations will be brought about.More Friedrich Hayek quotes [03/29/2018 05:03:36]
It is one of the most fatal illusions that, by substituting negotiations between states or organized groups for competition for markets or for raw materials, international friction would be reduced. This would merely put a contest of force in the place of what can only metaphorically be called the "struggle" of competition and would transfer to powerful and armed states, subject to no superior law, the rivalries which between individuals had to be decided without recourse to force.More Friedrich Hayek quotes [03/29/2018 05:03:36]

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