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As is true with respect to other great evils, the measures by which war might be made altogether impossible for the future may well be worse than even war itself.

Friedrich August von Hayek

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Friedrich August von Hayek
Age: 92 †
Born: 1899
Born: May 8
Died: 1992
Died: March 23
Economist
Historian
Philosopher
Political Scientist
University Teacher
Vienna
Austria
Friedrich August von Hayek
Friedrich von Hayek
Friedrich A. von Hayek
Friedrich A. Von Hayek
F. A. von Hayek
Friedrich August Von Hayek
Hayek
F. A. Hayek
Even
Evil
Made
War
Measures
True
Evils
May
Altogether
Wells
Worse
Might
Respect
Well
Impossible
Great
Future

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From the saintly and single-minded idealist to the fanatic is often but a step.
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Capitalism created the possibility of employment.
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Freedom can be preserved only if it is treated as a supreme principle which must not be sacrificed for particular advantages.
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If democracy is a means rather than an end, its limits must be determined in the light of the purpose we want it to serve.
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That democratic socialism, the great utopia of the last few generations, is not only unachievable, but that to strive for it produces something so utterly different that few of those who wish it would be prepared to accept the consequences, many will not believe until the connection has been laid bare in all its aspects.
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I was quite depressed two weeks ago when I spent an afternoon at Brentano's Bookshop in New York and was looking at the kind of books most people read. That seems to be hopeless once you see that you lose all hope.
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Once politics become a tug-of-war for shares in the income pie, decent government is impossible.
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The central problem of management is how spontaneous interaction of people within a firm, each possessing only bits of knowledge, can bring about the competitive success that could only be achieved by the deliberate direction of a senior management that possesses the combined knowledge of all employees and contractors
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We did not realise how fragile our civilisation was.
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It is possible for a dictator to govern in a liberal way. And it is also possible for a democracy to govern with a total lack of liberalism. Personally I prefer a liberal dictator to democratic government lacking liberalism.
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We know: of course, with regard to the market and similar social structures, a great many facts which we cannot measure and on which indeed we have only some very imprecise and general information.
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Socialism can only be put into practice only by methods which most socialists disapprove.
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I am convinced that if the market system were the result of deliberate human design, and if the people guided by the price changes understood that their decisions have significance far beyond their immediate aims, this mechanism would have been acclaimed as one of the greatest triumphs of the human mind.
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...the case for individual freedom rests largely on the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievements of our ends and welfare depend.
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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Hayek was making us think of the productive process as a process in time, inputs coming before outputs.
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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.
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