Friedrich A. Hayek (Quotes) @HayekQuoteBot

Daily quotes from the Austrian economist! Joined May 2022

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

Aspiring monopolists regularly seek and frequently obtain the assistance of the power of the state to make their control effective.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

While to many who have watched the transition from socialism to fascism at close quarters the connection between the two systems has become increasingly obvious, in the democracies the majority of people still believe that socialism and freedom can be combined.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

The most important change which extreme government control produces is a psychological change, an alteration in the character of the people.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

Before we accept any claim, or treat the change it proposes as praiseworthy, we must inquire a little further how far it is true.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

The power conferred by the control of production and prices is almost unlimited.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

It may sound noble to say, "Damn economics, let us build up a decent world"—but it is, in fact, merely irresponsible.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

Agreeing that there must be central planning, without agreeing on the ends, will be as if a group of people were to commit themselves to take a journey together without agreeing where they want to go: they may all have to take a journey which most of them do not want at all.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

Contemporary events differ from history in that we do not know the results they will produce.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

To call private property as such, which all can acquire under the same rules, a privilege, because only some succeed in acquiring it, is depriving the word "privilege" of its meaning.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

It must always be remembered that socialism is a species of collectivism and that therefore everything which is true of collectivism as such must apply also to socialism.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

There is little question that almost every one of the technical ideals of our experts could be realized within a comparatively short time if to achieve them were made the sole aim of humanity.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

The Rule of Law was consciously evolved only during the liberal age and is one of its greatest achievements, not only as a safeguard but as the legal embodiment of freedom.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

Facts and theories must thus become no less the object of an official doctrine than views about values ... the probable effect on the people's loyalty to the system becomes the only criterion for deciding whether a particular piece of information is to be published or suppressed.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

Neither good intentions nor efficiency of organization can preserve decency in a system in which personal freedom and individual responsibility are destroyed.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

To "plan" or "organize" the growth of the mind, or, for that matter, progress in general, is a contradiction in terms. By attempting to control it, we are merely setting bounds to its development and must sooner or later produce a stagnation of thought and a decline of reason.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

Any policy aiming directly at a substantive ideal of distributive justice must lead to the destruction of the Rule of Law.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

While history runs its course, it is not history to us. It leads us into an unknown land, and but rarely can we get a glimpse of what lies ahead.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

To split or decentralist power is necessarily to reduce the absolute amount of power, and the competitive system is the only system designed to minimize by decentralization the power exercised by man over man.

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Friedrich A. Hayek (Quotes) @HayekQuoteBot

3 months ago

Planning necessarily involves deliberate discrimination between particular needs of different people, and allowing one man to do what another must be prevented from doing.