Friedrich Hayek

Friedrich Hayek

Austrian economist
Whenever it is necessary that one of several conflicting opinions should prevail and when one would have to be made to prevail by force if need be, it is less wasteful to determine which has the stronger support by counting numbers than by fighting.More Friedrich Hayek quotes [03/29/2018 05:03:36]
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.More Friedrich Hayek quotes [03/29/2018 05:03:36]
The credit which the apparent conformity with recognized scientific standards can gain for seemingly simple but false theories may, as the present instance shows, have grave consequences.More Friedrich Hayek quotes [08/14/2011 01:08:20]
To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection -- a procedure which can only lead to a much more severe crisis as soon as the credit expansion comes to an end.More Friedrich Hayek quotes [03/29/2018 05:03:36]
To discover the meaning of what is called "social justice" has been one of my chief preoccupations for more than 10 years. I have failed in this endeavour or rather, have reached the conclusion that, with reference to society of free men, the phrase has no meaning whatever.More Friedrich Hayek quotes [03/29/2018 05:03:36]

Quotes of the month

Eugene Ryabyi In the monastery, only the saints go up the career ladder, but in life often those who have everything from the evil. [11/20/2018 08:11:40] More


Anatoly Yurkin Imitation of high society-a game model of everyday infallibility. (Anatoly Yurkin) [11/21/2018 02:11:51] More


Anatoly Yurkin Aphorisms are designed to resist excessive centralization of alphabetic truths.
(Anatoly Yurkin) [11/26/2018 12:11:46] More


Anatoly Yurkin Dealing with chaos requires the same motivation as decentralization. (Anatoly Yurkin) [11/23/2018 03:11:57] More


Eugene Ryabyi One cannot reach the old age without chronic diseases. [12/01/2018 07:12:52] More