"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."
Friedrich August von HayekTiny Panda Quotes
Quotes by Friedrich August von Hayek
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"We shall not grow wiser before we learn that much that we have done was very foolish."
Friedrich August von Hayek"'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded."
Friedrich August von Hayek"Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom."
Friedrich August von 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 August von Hayek"A claim for equality of material position can be met only by a government with totalitarian powers."
Friedrich August von Hayek"He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants."
Friedrich August von Hayek"The credit which the apparent conformity with recognized scientific standards can gain for seemingly simple but false theories may, as the present instance shows, have grave consequences."
Friedrich August von Hayek"This means that to entrust to science - or to deliberate control according to scientific principles - more than scientific method can achieve may have deplorable effects."
Friedrich August von Hayek"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 August von Hayek"To act on the belief that we possess the knowledge and the power which enable us to shape the processes of society entirely to our liking, knowledge which in fact we do not possess, is likely to make us do much harm."
Friedrich August von Hayek"Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - an authoritarian determination of the status of each individual in the new hierarchical order."
Friedrich August von Hayek