Friedrich Hayek

Friedrich Hayek

Austrian economist
In no other field has the world yet paid so dearly for the abandonment of nineteenth-century liberalism as in the field where the retreat began: in international relations. Yet only a small part of the lesson which experience ought to have taught us has been learned.More Friedrich Hayek quotes [03/29/2018 05:03:36]
To be controlled in our economic pursuits means to be controlled in everything.More Friedrich Hayek quotes [03/29/2018 05:03:36]
... I prefer true but imperfect knowledge, even if it leaves much undetermined and unpredictable, to a pretense of exact knowledge that is likely to be false.More Friedrich Hayek quotes [03/29/2018 05:03:36]
To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about.More Friedrich Hayek quotes [03/29/2018 05:03:36]
A general flat minimum-wage law for all industry is permissible, but I do not think that it is a particularly wise method of achieving the end. I know much better methods of providing a minimum for everybody. But once you turn from laying down a general minimum for all industry to decreeing particular and different minimum for different industries, then, of course, you make the price mechanism inoperative, because it is no longer the price mechanism which will guide people between industries and trades.More Friedrich Hayek quotes [03/29/2018 05:03:36]

Quotes of the month

Anatoly Yurkin Time is a mint where success is minted in gold coins. (Anatoly Yurkin) [08/09/2018 07:08:50] More


Anna Aronova No deprivation not deprived of the last hope. -AnnaIsAronova [07/22/2018 05:07:54] More


Anna Aronova Humanity is an unreasonable child of nature, imagining himself its master.- AnnaIsAronova [07/25/2018 12:07:07] More


Anatoly Yurkin I want to become rich only in order not to puzzle over what the blockchain is different from Big Data. [08/14/2018 11:08:22] More


Anatoly Yurkin The cost of storing Fiat money is trying to compare with the increased cost of the day before yesterday not purchased cryptocurrency. (Anatoly Yurkin) [07/30/2018 10:07:32] More