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Friedrich August Von Hayek Image

Friedrich August Von Hayek

Friedrich Hayek CH (German: [?f?i?d??ç ?a????st ?ha???k]; 8 May 1899 – 23 March 1992), born in Austria-Hungary as Friedrich August von Hayek and frequently referred to as F. A. Hayek, was an Austrian-British economist and philosopher best known for his defense of classical liberalism. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for his "pioneering work in the theory of money and economic fluctuations and ... penetrating analysis of the interdependence of economic, social and institutional phenomena."

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Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant h ...

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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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We shall not grow wiser before we learn that much that we have done was very foolish.

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It seems to me that socialists today can preserve their position in academic economics merely by the ...

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The social sciences, like much of biology but unlike most fields of the physical sciences, have to d ...

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We have indeed at the moment little cause for pride: as a profession we have made a mess of things.

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We know: of course, with regard to the market and similar social structures, a great many facts whic ...

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The effect of the people's agreeing that there must be central planning, without agreeing on the end ...

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There can be little doubt that man owes some of his greatest successes in the past to the fact that ...

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Nowhere has democracy ever worked well without a great measure of local self-government, providing a ...

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Hayek was making us think of the productive process as a process in time, inputs coming before outpu ...

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I am certain, however, that nothing has done so much to destroy the juridical safeguards of individu ...

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Conservatism is only as good as what it conserves.

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Capitalism created the possibility of employment.

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Without a theory the facts are silent.

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