Friedrich August von Hayek
Quotations
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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.” -Friedrich August von Hayek
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“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
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“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
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“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
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“I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.” -Friedrich August von Hayek
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“A claim for equality of material position can be met only by a government with totalitarian powers.” -Friedrich August von Hayek
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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.” -Friedrich August von Hayek
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“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
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