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Once politics become a tug-of-war for shares in the income pie, decent government is impossible.
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
Decent
Income
Share
Impossible
Politics
War
Become
Shares
Government
Pie
More quotes by Friedrich August von Hayek
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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It is not the source but the limitation of power which prevents it from being arbitrary.
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If we can reduce the risk of friction likely to lead to war, this is probably all we can reasonably hope to achieve.
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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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Never will man penetrate deeper into error than when he is continuing on a road which has led him to great success
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Freedom necessarily means that many things will be done which we do not like.
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A claim for equality of material position can be met only by a government with totalitarian powers.
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Liberty'''.that condition of man in which coercion of some by others is reduced as much as possible in society
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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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Competition means decentralized planning by many separate persons.
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The more the state plans the more difficult planning becomes for the individual.
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The progress of the natural sciences in modern times has of course so much exceeded all expectations that any suggestion that there may be some limits to it is bound to arouse suspicion.
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The chief point we must remember is that the great and rapid advance of the physical sciences took place in fields where it proved that explanation and prediction could be based on laws which accounted for the observed phenomena as functions of comparatively few variables - either particular facts or relative frequencies of events.
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Unlike proportionality, progression provides no principle which tells us what the relative burden of different persons ought to be the argument based on the presumed justice of progression provides no limitation, as has often been admitted by its supporters, before all incomes above a certain figure are confiscated, and those below left untaxed.
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And who will deny that a world in which the wealthy are powerful is still a better world than one in which only the already powerful can acquire wealth?
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And it's a necessity [for journalists] to pretend to be competent on every subject, some of which they really do not understand. They are under that necessity, I regret I'm sorry for them. But to pretend to understand all the things you write about, and habitually to write about things you do not understand, is a very corrupting thing.
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It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide.
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Socialism constitutes a threat to the present and future welfare of the human race, in the sense that neither socialism nor any other known substitute for the market order could sustain the current population of the world.
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The state itself becomes more and more identified with the interests of those who run things than with the interests of the people in general.
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If socialists understood economics, they wouldn't be socialist.
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