Friedrich Hayek

Friedrich Hayek

Austrian economist
The importance of our being free to do a particular thing has nothing to do with the question of whether we or the majority are ever likely to make use of that particular possibility. To grant no more freedom than all can exercise would be to misconceive its function completely. The freedom that will be used by only one man in a million may be more important to society and more beneficial to the majority than any freedom that we all use.More Friedrich Hayek quotes [03/29/2018 05:03:36]
Capitalism is not only a better form of organizing human activity than any deliberate design, any attempt to organize it to satisfy particular preferences, to aim at what people regard as beautiful or pleasant order, but it is also the indispensable condition for just keeping that population alive which exists already in the world. I regard the preservation of what is known as the capitalist system, of the system of free markets and the private ownership of the means of production, as an essential condition of the veryMore Friedrich Hayek quotes [03/29/2018 05:03:36]
Economic transactions between national bodies who are at the same time the supreme judges of their own behavior, who bow to no superior law, and whose representatives cannot be bound by any considerations but the immediate interest of their respective nations, must end in clashes of power.More Friedrich Hayek quotes [03/29/2018 05:03:36]
Money is one of the greatest instruments of freedom ever invented by man. It is money which in existing society opens an astounding range of choice to the poor man, a range greater than that which not many generations ago was open to the wealthyMore Friedrich Hayek quotes [03/29/2018 05:03:36]
That democratic socialism, the great utopia of the last few generations, is not only unachievable, but that to strive for it produces something so utterly different that few of those who wish it would be prepared to accept the consequences, many will not believe until the connection has been laid bare in all its aspects.More Friedrich Hayek quotes [03/29/2018 05:03:36]

Quotes of the month

Anatoly Yurkin Both the object and the subject are composed of repetitions. [06/07/2019 01:06:16] More


Eugene Ryabyi Love is a primus for defrosting ice hearts. [06/09/2019 09:06:00] More


Eugene Ryabyi The most insidious plan is always covered with a veil of virtue. [06/04/2019 01:06:39] More


Eugene Ryabyi Money is a measure of human inequality. [06/14/2019 04:06:23] More


Eugeny Antonuk Ukraine has the right to the Ukrainian character of the state, just as Russia adopted the law on the voluntary study of Tatar, and Israel adopted a law on the voluntary study of the Arabic language and the Jewish character of the Israeli state. [05/21/2019 08:05:26] More