Austrian Economist Quotes

Found 29 quotes in the topic of Austrian Economist .
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"To act on the belief that we possess the knowledge and the power which enable us to shape the processes of society entirely to our liking, knowledge which in fact we do not possess, is likely to make us do much harm." Friedrich Hayek
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Austrian Economist    Government   

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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." Friedrich August von Hayek
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Austrian Economist   

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"'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded." Friedrich August von Hayek
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Austrian Economist   

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"If we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion." Friedrich August von Hayek
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Austrian Economist   

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"It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only those individuals know." Friedrich August von Hayek
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Austrian Economist   

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"If most people are not willing to see the difficulty, this is mainly because, consciously or unconsciously, they assume that it will be they who will settle these questions for the others, and because they are convinced of their own capacity to do this." Friedrich Hayek
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Austrian Economist    Difficulty   

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"I have arrived at the conviction that the neglect by economists to discuss seriously what is really the crucial problem of our time is due to a certain timidity about soiling their hands by going from purely scientific questions into value questions." Friedrich August von Hayek
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Austrian Economist   

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"A claim for equality of material position can be met only by a government with totalitarian powers." Friedrich August von Hayek
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Austrian Economist   

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"Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - an authoritarian determination of the status of each individual in the new hierarchical order." Friedrich August von Hayek
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Austrian Economist   

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"Intellects whose desires have outstripped their understanding." Friedrich August von Hayek
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"Our moral traditions developed concurrently with our reason, not as its product." Friedrich August von Hayek
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"We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium." Friedrich August von Hayek
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Austrian Economist   

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"He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants." Friedrich August von Hayek
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Austrian Economist   

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"I regard it in fact as the great advantage of the mathematical technique that it allows us to describe, by means of algebraic equations, the general character of a pattern even where we are ignorant of the numerical values which will determine its particular manifestation." Friedrich August von Hayek
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"The mind cannot foresee its own advance." Friedrich August von Hayek
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Austrian Economist   

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"There is, in a competitive society, nobody who can exercise even a fraction of the power which a socialist planning board would possess." Friedrich August von Hayek
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Austrian Economist   

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"This means that to entrust to science - or to deliberate control according to scientific principles - more than scientific method can achieve may have deplorable effects." Friedrich August von Hayek
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Austrian Economist   

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"We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice." Friedrich August von Hayek
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Austrian Economist   

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"Yet, as I am anxious to repeat, we will still achieve predictions which can be falsified and which therefore are of empirical significance." Friedrich August von Hayek
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"We shall not grow wiser before we learn that much that we have done was very foolish." Friedrich August von Hayek
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"Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a physical theory, a scientist would certainly be expected to give precise information?" Friedrich August von Hayek
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Austrian Economist   





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