More - Friedrich Hayek Quotes

$There is, in a competitive society, nobody who can exercise even a fraction of the power which a socialist planning board would possess - Friedrich Hayek Quotes$

If most people are not willing to see the difficulty, this is mainly because, consciously or unconsciously, they assume that it will be they who will settle these questions for the others, and because they are convinced of their own capacity to do this.

Friedrich Hayek

Austrian Economist Difficulty

Intellects whose desires have outstripped their understanding

Friedrich Hayek

Desire

We shall not grow wiser before we learn that much that we have done was very foolish

Friedrich Hayek

Fools And Foolishness

Only where we ourselves are responsible for our own interests and are free to sacrifice them has our decision moral value. We are neither entitled to be unselfish at someone else's expense nor is there any merit in being unselfish if we have no choice. The members of a society who in all respects are made to do the good thing have no title to praise.

Friedrich Hayek

Who can seriously doubt that the power which a millionaire, who may be my employer, has over me is very much less than that which the smallest bureaucrat possesses who wields the coercive power of the state and on whose discretion it depends how I am allowed to live and work?

Friedrich Hayek

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 Hayek

Voting

Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom

Friedrich Hayek

Freedom

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

Friedrich Hayek

Justification

From the fact that people are very different it follows that, if we treat them equally, the result must be inequality in their actual position, and that the only way to place them in an equal position would be to treat them differently. Equality before the law and material equality are therefore not only different but are in conflict with each other; and we can achieve either one or the other, but not both at the same time.

Friedrich Hayek

Justice

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