It would clearly not be an improvement to build all houses exactly alike in order to create a perfect market for houses, and the same is true of most other fields where differences between the individual products prevent competition from ever being perfect.
FRIEDRICH AUGUST VON HAYEKBy the time any view becomes a majority view, it is no longer the best view: somebody will already have advanced beyond the point which the majority have reached.
More Friedrich August von Hayek Quotes
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Wherever liberty as we understand it has been destroyed, this has almost always been done in the name of some new freedom promised to the people
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And who will deny that a world in which the wealthy are powerful is still a better world than one in which only the already powerful can acquire wealth?
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If democracy is a means rather than an end, its limits must be determined in the light of the purpose we want it to serve.
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Never will man penetrate deeper into error than when he is continuing on a road which has led him to great success
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In government, the scum rises to the top.
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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 -
To create conditions in which competition will be as effective as possible, to prevent fraud and deception, to break up monopolies- these tasks provide a wide and unquestioned field for state activity.
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I was quite depressed two weeks ago when I spent an afternoon at Brentano’s Bookshop in New York and was looking at the kind of books most people read. That seems to be hopeless; once you see that you lose all hope.
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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.
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[The] impersonal process of the market … can be neither just nor unjust, because the results are not intended or foreseen.
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Once politics become a tug-of-war for shares in the income pie, decent government is impossible.
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It is because freedom means the renunciation of direct control of individual efforts that a free society can make use of so much more knowledge than the mind of the wisest ruler could comprehend.
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By the time any view becomes a majority view, it is no longer the best view: somebody will already have advanced beyond the point which the majority have reached.
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The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those who do not.
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Without a theory the facts are silent.
FRIEDRICH AUGUST VON HAYEK