Friedrich Hayek (1899 – 1992) was a philosopher, economist and proponent of free-market capitalism and classical liberalism.
Hayek won a Nobel Prize in economic sciences in 1974. He is considered one of the most influential political philosophers and economists of the 20th century. He made a great contribution to the economic thought, jurisprudence, history of ideas, neuroscience and system thinking.
Friedrich Hayek Quotes
All political theories assume, of course, that most individuals are very ignorant. Those who plead for liberty differ from the rest in that they include among the ignorant themselves as well as the wisest.
The more the state “plans” the more difficult planning becomes for the individual.
To be controlled in our economic pursuits means to be controlled in everything.
We shall never prevent the abuse of power if we are not prepared to limit power in a way which occasionally may prevent its use for desirable purposes.
We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice.
We must shed the illusion that we can deliberately ‘create the future of mankind’.
The argument for liberty is not an argument against organization, which is one of the most powerful tools human reason can employ, but an argument against all exclusive, privileged, monopolistic organization, against the use of coercion to prevent others from doing better.
Liberty not only means that the individual has both the opportunity and the burden of choice; it also means that he must bear the consequences of his actions and will receive praise or blame for them.
A claim for equality of material position can be met only by a government with totalitarian powers.
A policy of freedom for the individual is the only truly progressive policy.
A society that does not recognise that each individual has values of his own which he is entitled to follow can have no respect for the dignity of the individual and cannot really know freedom.
There is all the difference in the world between treating people equally and attempting to make them equal. While the first is the condition of a free society, the second means as De Tocqueville describes it, ‘a new form of servitude.’
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.
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.
I am certain that nothing has done so much to destroy the juridical safeguards of individual freedom as the striving after this mirage of social justice.