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Hayek’s most famous quote

Famous Quotes

1.

It is to be free from the coercion and violence of others.

——Hayek

2.

Controlling the production of wealth controls people’s life itself.

——Hayek

3.

Without economic freedom, we cannot enjoy personal and political freedom.

——Hayek

4.

In any era, people who love freedom are always rare. The victory of freedom depends on the few.

——Hayek

5.

Price acts as a compass and a signal, which guides us to use the information of people we do not know at all. The strength and gift to meet the needs of people we know nothing about.

——Hayek

6.

The price system is actually a tool that enables countless people to coordinate their actions to adapt to their own needs. Direct and concrete understanding of the changes, needs and conditions of society.

——Hayek

7.

In the evolution of human behavior structure, income is a signal that can guide people to make the best decisions for themselves. Helpful choice. Generally speaking, only those activities that are most profitable can make people prosperous, because the benefits people get from them are greater than the costs.

——Hayek

8.

Profit is a signal that tells us that in order to meet the needs of those we do not know, we Something must be done. It is through the pursuit of profit that we become altruists because our services extend to those far beyond our acquaintances.

——Hayek

9.

Profit is the only thing most producers need in order to more effectively meet the needs of people they do not know. thing. Profit is a tool for their search, like a telescope in the hands of a soldier or hunter, a sailor or an airman that expands their field of vision.

——Hayek

10.

Social systems are not created on the whim of some genius inspired by the gods, but grow on their own The pace of change is often slower than the growth of oak trees.

——Hayek

11.

What creates civilization is not our reason, but the taming of many of our instincts that conflict with civilization.

——Hayek

12.

Many systems that people rely on to achieve success are formed and operated without anyone’s design and direction. of. The spontaneous collaboration of natural men often creates things that a single mind can never fully comprehend.

——Hayek

13.

The concept of completely centralized management of economic activities still terrifies most people, not only because The great difficulty of this task arises not so much from the fear caused by the idea that everything must be directed by a unique center.

——Hayek

14.

In what everyone is talking about, which will eventually make human beings integrate into a whole, everyone is interdependent. The state can only be the product of market order and cannot be achieved by any other means.

——Hayek

15.

A world in which the rich gain power is still better than a world in which only the powerful can become rich.

——Hayek

16.

Protecting private property to the greatest extent possible is definitely the most important necessary condition for the continuation of human society.

——Hayek

17.

The fundamental principle of organizing affairs is that we should make use of the spontaneous power of society as much as possible, and try our best to Minimize resort to coercion.

——Hayek

18.

Let everyone be free to choose their occupation and free to plan what to produce or what services to provide, which is consistent with distributive justice. cannot coexist.

——Hayek

19.

Only in a system without personal freedom and personal decision-making can distributive justice be universally realized .

——Hayek

20.

Social justice is simply an empty term. ... Anyone who uses this statement is, if not ignorant, deceptive.

——Hayek

21.

History is basically the process of inflation created by rulers.

——Hayek

22.

Coinage is largely regarded as a symbol of strength. Like the flag, the monarch uses it to Demonstrate your supreme power and tell your subjects who their lord is, for through these coins the image of the monarch will be spread to the most remote corners of his kingdom.

——Hayek

23.

If you knew how people behaved during periods of severe and prolonged inflation, you would know that How resourceful people are when it comes to finding alternatives to the inflating currencies they are forced to use.

——Hayek

24.

In the long run, human affairs are guided by the power of ideas.

——Hayek

25.

Truth can only emerge from the free discussion of different ideas.

——Hayek

26.

I strongly feel that the first task of an economic theorist or political philosopher should be to influence public opinion. Making things that seem politically impossible today politically possible.

——Hayek

27.

Once we successfully liberate ourselves from this dogma that people generally and unconsciously accept, Our minds immediately spring to mind with countless most interesting questions that have not been examined before.

——Hayek

28.

What can reveal to us the best solution is not our current knowledge, but what can be discovered through free experimentation. New discoveries emerge.

——Hayek

29.

Only concepts can defeat concepts, and only the concepts of market economy can defeat anti-market concepts.

——Hayek

30.

Yesterday’s heresy will become tomorrow’s creed.

——Hayek