22 Friedrich August von Hayek Quotes for You to Enjoy

Friedrich August von Hayek

Austrian Economist

Born: May 8, 1899

Died: Mar 23, 1992

Economics Freedom Made Science Society Will

Related authors: Adam Smith Alan Greenspan E. F. Schumacher John Kenneth Galbraith John Maynard Keynes Milton Friedman Paul A. Volcker Thomas Sowell

A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek

Government Equality Met Claim Totalitarian Only Powers Material Position

We shall not grow wiser before we learn that much that we have done was very foolish. Friedrich August von Hayek

Experience Before Shall Foolish Wiser Learn Very Done Much Grow

Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freedom. Friedrich August von Hayek

Government Freedom Generation Voting Made Seen Complete Our Our Generation Tyrant Secure Fact Perhaps Understand Dependence Themselves Choose Necessarily Millions

Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - an authoritarian determination of the status of each individual in the new hierarchical order. Friedrich August von Hayek

I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments. Friedrich August von Hayek

History Exaggeration Inflation Think Say Governments Gain Engineered Largely

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. Friedrich August von Hayek

Our moral traditions developed concurrently with our reason, not as its product. Friedrich August von Hayek

Our Moral Developed Traditions Product Reason

Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom. Friedrich August von Hayek

Freedom Will Beneficial Only Known Beforehand Effects Granted

He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants. Friedrich August von Hayek

Knowledge Learning Achieve Plants Will Appropriate Rather Results Shape Shapes He Environment Does Cultivate His Providing Handiwork Craftsman Which Manner Use Therefore Gardener Growth

The progress of the natural sciences in modern times has of course so much exceeded all expectations that any suggestion that there may be some limits to it is bound to arouse suspicion. Friedrich August von Hayek

Natural Progress Some Exceeded Bound Course Arouse Sciences Limits Times Expectations Modern Any May Suspicion Modern Times Much Natural Sciences Suggestion

The mind cannot foresee its own advance. Friedrich August von Hayek

Brainy Mind Own Advance Foresee Cannot

Intellects whose desires have outstripped their understanding. Friedrich August von Hayek

Understanding Whose Desires

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. Friedrich August von Hayek

We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium. Friedrich August von Hayek

Words Will Other Market Would About General Somewhat Prices Never Particular Know Call Equilibrium Wages Were Exist Conditions Itself Establish In Other Words Which Bring

I regard it in fact as the great advantage of the mathematical technique that it allows us to describe, by means of algebraic equations, the general character of a pattern even where we are ignorant of the numerical values which will determine its particular manifestation. Friedrich August von Hayek

Great Character Will Values Determine General Fact Advantage Particular Equations Mathematical Where In Fact Regard Which Manifestation Pattern Us Means Ignorant Describe Even Technique Great Advantage Numerical

It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only those individuals know. Friedrich August von Hayek

Best Problem Society Relative Resources Those Secure Members Rather Only Individuals Importance Know Known How Any Ends Use Whose

We have indeed at the moment little cause for pride: as a profession we have made a mess of things. Friedrich August von Hayek

Pride Cause Made Indeed Mess Little Moment Profession Things

It can hardly be denied that such a demand quite arbitrarily limits the facts which are to be admitted as possible causes of the events which occur in the real world. Friedrich August von Hayek

World Events Possible Admitted Facts Demand Occur Real Limits Causes Denied Quite The Real World Real World Which Hardly

This means that to entrust to science - or to deliberate control according to scientific principles - more than scientific method can achieve may have deplorable effects. Friedrich August von Hayek

Science Achieve Control Deliberate More Entrust Principles Scientific Scientific Method Method According Effects Than May Deplorable Means

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