What is the most famous quote by Friedrich A. Hayek ?
Liberty not only means that the individual has both the opportunity and the burden of choice; it also means that he must bear the consequences of his actions.... Liberty and responsibility are inseparable.— Friedrich A. Hayek
The most unique Friedrich A. Hayek quotes that will activate your inner potential
Following is a list of the best quotes, including various Friedrich A. Hayek inspirational quotes, and other famous sayings by Friedrich A. Hayek.
There is all the difference in the world between treating people equally and attempting to make them equal.
With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.
Our alternative is either to stick to a moral tradition which we haven
It is, indeed, part of the liberal attitude to assume that, especially in the economic field, the self-regulating forces of the market will somehow bring about the required adjustments to new conditions, although no one can foretell how they will do this in a particular instance. There is perhaps no single factor contributing so much to people
There are no better terms available to describe The difference between the approach of the natural and the social sciences than to call the former objective and the latter subjective. ... While for the natural scientist the contrast between objective facts and subjective opinions is a simple one, the distinction cannot as readily be applied to the object of the social sciences. The reason for this is that the object, the facts of the social sciences are also opinions -- not opinions of the student of the social phenomena, of course, but opinions of those whose actions produce the object of the social scientist.
Once you admit that the individual is merely a means to serve the ends of a higher entity called society or the nation, most of those features of totalitarian regimes which horrify us follow of necessity. From the collectivist standpoint, intolerance and brutal suppression of dissent, the complete disregard of the life and happiness of the individual, are essential and unavoidable consequences of this basic premise; and the collectivist can admit this and at the same time claim that his system is superior to one in which the
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
What our generation has forgotten is that the system of private property is the most important guarantee of freedom, not only for those who own property, but scarcely less for those who do not. It is only because the control of the means of production is divided among many people acting independently that nobody has complete power over us, that we as individuals can decide what to do with ourselves. If all it be nominally that of