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F. A. Hayek Quotes

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Daily quotes from economist & Nobel laureate Friedrich A. Hayek (1899-1992) 🗽 More quotes: @MiltonFriedmanW & @DailySowell

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President Ronald Reagan, a great admirer of Hayek, met the Austrian economist at the White House in 1983 and said: “My own degree was in economics, so I continued my studies by reading you.”

President Ronald Reagan, a great admirer of Hayek, met the Austrian economist at the White House in 1983 and said: “My own degree was in economics, so I continued my studies by reading you.”

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President Reagan, a longtime admirer of Hayek, met the Austrian economist at the White House in November 1983. During their meeting, Reagan mentioned that his own degree was in economics and that he had continued his education by reading Hayek’s work.

President Reagan, a longtime admirer of Hayek, met the Austrian economist at the White House in November 1983. During their meeting, Reagan mentioned that his own degree was in economics and that he had continued his education by reading Hayek’s work.

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“An economist who is only an economist cannot even be a good economist.” — Friedrich Hayek

“An economist who is only an economist cannot even be a good economist.” — Friedrich Hayek

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Hayek: “Socialism assumes that all the available knowledge can be used by a single central authority.” “It overlooks that modern society is based on the utilization of widely dispersed knowledge of millions of men.”

Hayek: “Socialism assumes that all the available knowledge can be used by a single central authority.” “It overlooks that modern society is based on the utilization of widely dispersed knowledge of millions of men.”

F. A. Hayek Quotes

483,257 Aufrufe • vor 9 Monaten

“Keynes knew very little economics... He was much more concerned with influencing policy at a particular moment than developing a true theory.” — Friedrich Hayek

“Keynes knew very little economics... He was much more concerned with influencing policy at a particular moment than developing a true theory.” — Friedrich Hayek

F. A. Hayek Quotes

326,897 Aufrufe • vor 6 Monaten

“There is basically no difference between socialism and fascism.” — Friedrich Hayek

“There is basically no difference between socialism and fascism.” — Friedrich Hayek

F. A. Hayek Quotes

408,999 Aufrufe • vor 1 Jahr

Hayek: “The man who has learned a little science lacks the humility the real scientist gladly acquires.” “The typical intellectual believes everything must be explainable, but a scientist knows that a great many things are not. A good scientist is essentially a humble person.”

Hayek: “The man who has learned a little science lacks the humility the real scientist gladly acquires.” “The typical intellectual believes everything must be explainable, but a scientist knows that a great many things are not. A good scientist is essentially a humble person.”

F. A. Hayek Quotes

260,615 Aufrufe • vor 10 Monaten

Hayek: “Socialism assumes that all the available knowledge can be used by a single central authority.” “It overlooks that the modern society is based on the utilization of widely dispersed knowledge.”

Hayek: “Socialism assumes that all the available knowledge can be used by a single central authority.” “It overlooks that the modern society is based on the utilization of widely dispersed knowledge.”

F. A. Hayek Quotes

73,768 Aufrufe • vor 4 Monaten

Hayek on Marxism vs economic reality: “Marxists can never understand the functioning of the market. They believe it’s the costs which determine prices.” “The truth is exactly the opposite: it’s prices which tell people how much cost they ought to involve. It is prices by which the knowledge of millions of people can be conveyed to others and serve as a guide to them.”

Hayek on Marxism vs economic reality: “Marxists can never understand the functioning of the market. They believe it’s the costs which determine prices.” “The truth is exactly the opposite: it’s prices which tell people how much cost they ought to involve. It is prices by which the knowledge of millions of people can be conveyed to others and serve as a guide to them.”

F. A. Hayek Quotes

101,628 Aufrufe • vor 7 Monaten

JUST IN: Javier Milei cites Hayek and denounces socialism (Davos, 2026) “The Austrian School of Economics—from Mises, Hayek, Rothbard, Kirzner, and Hoppe to Jesús Huerta de Soto—has demonstrated the impossibility of socialism, thereby dismantling ... a form of academic deafness that led to socialism and cost the world the lives of 150 million human beings, while those who managed to survive the terror did so in absurd poverty.”

JUST IN: Javier Milei cites Hayek and denounces socialism (Davos, 2026) “The Austrian School of Economics—from Mises, Hayek, Rothbard, Kirzner, and Hoppe to Jesús Huerta de Soto—has demonstrated the impossibility of socialism, thereby dismantling ... a form of academic deafness that led to socialism and cost the world the lives of 150 million human beings, while those who managed to survive the terror did so in absurd poverty.”

F. A. Hayek Quotes

131,096 Aufrufe • vor 9 Monaten

Hayek: “Socialism protesting against production for profit objects to what makes the extended society possible.” “Profit is a signal which tells us what we must do in order to serve people whom we don’t know.”

Hayek: “Socialism protesting against production for profit objects to what makes the extended society possible.” “Profit is a signal which tells us what we must do in order to serve people whom we don’t know.”

F. A. Hayek Quotes

118,202 Aufrufe • vor 11 Monaten

Hayek receiving his Nobel Prize (Econ, 1974)

Hayek receiving his Nobel Prize (Econ, 1974)

F. A. Hayek Quotes

83,101 Aufrufe • vor 9 Monaten

Hayek calls Milton Friedman “still a Keynesian” in methodology

Hayek calls Milton Friedman “still a Keynesian” in methodology

F. A. Hayek Quotes

92,000 Aufrufe • vor 1 Jahr

“An economist who is only an economist cannot even be a good economist.” — Friedrich Hayek

“An economist who is only an economist cannot even be a good economist.” — Friedrich Hayek

F. A. Hayek Quotes

97,373 Aufrufe • vor 1 Jahr

NEW Hoover Institution: Thomas Sowell, 95, gives an insight-packed interview on the American education system (1:22) Overview (3:34) Public vs private schools (5:39) Sowell’s early schooling woes (15:58) Elite all-Black high school (27:57) Leftist opposition to school choice (31:40) What’s wrong with US universities today? (34:50) Affirmative action (38:44) Where the Supreme Court decision falls short (50:19) Artificial intelligence (51:51) “Are we doomed?” (53:25) Charlie Kirk (56:02) DEI (1:05:44) Question from Justice Clarence Thomas

NEW Hoover Institution: Thomas Sowell, 95, gives an insight-packed interview on the American education system (1:22) Overview (3:34) Public vs private schools (5:39) Sowell’s early schooling woes (15:58) Elite all-Black high school (27:57) Leftist opposition to school choice (31:40) What’s wrong with US universities today? (34:50) Affirmative action (38:44) Where the Supreme Court decision falls short (50:19) Artificial intelligence (51:51) “Are we doomed?” (53:25) Charlie Kirk (56:02) DEI (1:05:44) Question from Justice Clarence Thomas

F. A. Hayek Quotes

70,089 Aufrufe • vor 9 Monaten

“Trade unions in the course of time were granted privileges which the ordinary citizen has not—essentially various uses of force and violence to prevent others from working at the terms that they work.” — Friedrich Hayek

“Trade unions in the course of time were granted privileges which the ordinary citizen has not—essentially various uses of force and violence to prevent others from working at the terms that they work.” — Friedrich Hayek

F. A. Hayek Quotes

37,750 Aufrufe • vor 6 Monaten

“If Keynes had lived, he would greatly have modified his own ideas, as he was always changing opinions.” — Friedrich Hayek

“If Keynes had lived, he would greatly have modified his own ideas, as he was always changing opinions.” — Friedrich Hayek

F. A. Hayek Quotes

34,242 Aufrufe • vor 5 Monaten

Hayek: “To make his theory more attractive and effective, Keynes called it The General Theory.” “In fact, he knew precisely that it was not a general theory. It was an argument to persuade government in the 1930s to do particular things.”

Hayek: “To make his theory more attractive and effective, Keynes called it The General Theory.” “In fact, he knew precisely that it was not a general theory. It was an argument to persuade government in the 1930s to do particular things.”

F. A. Hayek Quotes

52,606 Aufrufe • vor 10 Monaten

NYC mayor Zohran Mamdani quoting Hayek: “I have been reminded of the words of the Austrian economist Friedrich Hayek: ‘If socialists understood economics, they wouldn’t be socialists.’” Send Zohran Kwame Mamdani your favorite Hayek quotes. Maybe he just needs reminders 🤞

NYC mayor Zohran Mamdani quoting Hayek: “I have been reminded of the words of the Austrian economist Friedrich Hayek: ‘If socialists understood economics, they wouldn’t be socialists.’” Send Zohran Kwame Mamdani your favorite Hayek quotes. Maybe he just needs reminders 🤞

F. A. Hayek Quotes

22,605 Aufrufe • vor 3 Monaten