Without a theory the facts are silent.
FRIEDRICH AUGUST VON HAYEKIf socialists understood economics, they wouldn’t be socialist.
More Friedrich August von Hayek Quotes
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The chief evil is unlimited government, and nobody is qualified to wield unlimited power.
FRIEDRICH AUGUST VON HAYEK -
Hayek was making us think of the productive process as a process in time, inputs coming before outputs.
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Nobody with open eyes can any longer doubt that the danger to personal freedom comes chiefly from the left.
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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.
FRIEDRICH AUGUST VON HAYEK -
Socialism can only be put into practice only by methods which most socialists disapprove.
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In government, the scum rises to the top.
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It is of the essence of the demand for equality before the law that people should be treated alike in spite of the fact that they are different.
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We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice.
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We shall not grow wiser before we learn that much that we have done was very foolish.
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That there is little hope of international order or lasting peace so long as every country is free to employ whatever measures it thinks desirable in its own immediate interest, however damaging they may be to others, needs little emphasis now.
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It is perhaps the most characteristic feature of the intellectual that he judges new ideas not by their specific merits but by the readiness with which they fit into his general conceptions, into the picture of the world which he regards as modern or advanced.
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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.
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The ultimate decision about what is accepted as right and wrong will be made not by individual human wisdom but by the disappearance of the groups that have adhered to the “wrong” beliefs.
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If we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion.
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Liberty is an opportunity for doing good, but this is only so when it is also an opportunity for doing wrong.
FRIEDRICH AUGUST VON HAYEK