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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![Friedrich Hayek on why he disagrees with Freud: “The Freudian teaching [is] that you ought to cure people’s discontent by relieving them of what he calls inhibitions.” “These inhibitions,” Hayek says, “have created our civilization.”](https://image.24vids.com/tw-1936877349246570742/amplify_video_thumb/1936876728112087040/img/7cWgf9l2f2-7P2Ro.jpg)
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Friedrich Hayek: “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 Quotes91,828 Aufrufe • vor 1 Tag
Javier Milei: “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 Quotes96,695 Aufrufe • vor 2 Tagen
Hayek was asked to leave “a statement for the future generations.” His response is brilliant: “Modern civilization which enables us to maintain 4 billion people was made possible by the institution of private property. It is only thanks to this institution that we achieved an extensive order far exceeding anybody’s knowledge.” “If you destroy that moral basis, which consists in the recognition of private property, we will destroy the sources which nourish present-day mankind, and create a catastrophe of starvation beyond anything mankind has yet experienced.”
F. A. Hayek Quotes449,193 Aufrufe • vor 7 Monaten
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 Quotes260,306 Aufrufe • vor 6 Monaten
“There is basically no difference between socialism and fascism.” — Friedrich Hayek
F. A. Hayek Quotes408,999 Aufrufe • vor 1 Jahr
Hayek on why politicians love Keynesian economics: “Politicians love the argument that if you outspend your income and run a deficit, you’re doing good to the people in general.” “They don’t want to hear anything more than to be told that irresponsible spending is beneficial.”
F. A. Hayek Quotes37,366 Aufrufe • vor 29 Tagen
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 Quotes101,628 Aufrufe • vor 3 Monaten
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“Nazism was just a peculiar form of socialism.” — Friedrich Hayek
F. A. Hayek Quotes33,031 Aufrufe • vor 1 Monat
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 Quotes130,852 Aufrufe • vor 6 Monaten
Jordan Peterson explains Hayek’s “knowledge problem” argument “The proposition that central planning will work is the proposition that you can substitute one expert mind for a million distributed expert minds.” “That’s obviously not the case, because each person is going to have knowledge that pertains to their locality that isn’t accessible to everyone. So it’s much better to let everyone make the decisions and sum them.”
F. A. Hayek Quotes75,951 Aufrufe • vor 3 Monaten
“There is basically no difference between socialism and fascism.” — Friedrich Hayek
F. A. Hayek Quotes276,242 Aufrufe • vor 1 Jahr