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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, @MileiSays

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“In order to make people equal, you have to treat them differently. If you treat people alike, the result is necessarily inequality.” — Friedrich Hayek

“In order to make people equal, you have to treat them differently. If you treat people alike, the result is necessarily inequality.” — Friedrich Hayek

112,323 Aufrufe

“In order to make people equal, you have to treat them differently. If you treat people alike, the result is necessarily inequality.” — Friedrich Hayek

“In order to make people equal, you have to treat them differently. If you treat people alike, the result is necessarily inequality.” — Friedrich Hayek

247,884 Aufrufe

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.”

105,140 Aufrufe

“In order to make people equal, you have to treat them differently. If you treat people alike, the result is necessarily inequality.” — Friedrich Hayek

“In order to make people equal, you have to treat them differently. If you treat people alike, the result is necessarily inequality.” — Friedrich Hayek

126,109 Aufrufe

“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

23,821 Aufrufe

Thatcher sure had Hayek on speed dial “Equality, being an unnatural condition which can only be enforced by the state, is usually the enemy of liberty.”

Thatcher sure had Hayek on speed dial “Equality, being an unnatural condition which can only be enforced by the state, is usually the enemy of liberty.”

47,721 Aufrufe

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.”

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.”

48,041 Aufrufe

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Hayek calls Milton Friedman “still a Keynesian”

Hayek calls Milton Friedman “still a Keynesian”

F. A. Hayek Quotes

36,683 Aufrufe • vor 2 Tagen

“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

325,010 Aufrufe • vor 25 Tagen

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

482,550 Aufrufe • vor 3 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

33,991 Aufrufe • vor 10 Tagen

Few have defended freedom as consistently and courageously as Thomas Sowell 🗽 Please award Sowell the Presidential Medal of Freedom while he’s still with us! President Donald J. Trump

Few have defended freedom as consistently and courageously as Thomas Sowell 🗽 Please award Sowell the Presidential Medal of Freedom while he’s still with us! President Donald J. Trump

F. A. Hayek Quotes

405,027 Aufrufe • vor 4 Monaten

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.”

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 Quotes

448,393 Aufrufe • vor 5 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

101,501 Aufrufe • vor 1 Monat

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

260,038 Aufrufe • vor 5 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

35,449 Aufrufe • vor 19 Tagen

Hayek on why freedom is essential for progress: “Whenever you have a community completely commanded by an authoritarian system, there is no evolution in a sense because better systems cannot prevail so long as the old system is maintained by force.” “Evolution is made possible by freedom. What you get in unfree systems is due to the fact that the emergence of the better has been prevented.”

Hayek on why freedom is essential for progress: “Whenever you have a community completely commanded by an authoritarian system, there is no evolution in a sense because better systems cannot prevail so long as the old system is maintained by force.” “Evolution is made possible by freedom. What you get in unfree systems is due to the fact that the emergence of the better has been prevented.”

F. A. Hayek Quotes

13,818 Aufrufe • vor 7 Tagen

“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

408,970 Aufrufe • vor 10 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.”

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 Quotes

75,580 Aufrufe • vor 1 Monat

Javier Milei Javier Milei gifted Pope Leo a copy of Friedrich Hayek’s final book, The Fatal Conceit: The Errors of Socialism, during their meeting this morning. The book, published in 1988, is Hayek’s most searing and direct critique of socialism.

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Javier Milei Javier Milei gifted Pope Leo a copy of Friedrich Hayek’s final book, The Fatal Conceit: The Errors of Socialism, during their meeting this morning. The book, published in 1988, is Hayek’s most searing and direct critique of socialism.

F. A. Hayek Quotes

335,366 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

17,845 Aufrufe • vor 14 Tagen

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

130,685 Aufrufe • vor 4 Monaten

Paul Krugman: “I think there’s more freedom and dignity in a moderately strong welfare state than there is in the Hayekian paradise of free markets.” Quite a revealing statement, to say the least.

Paul Krugman: “I think there’s more freedom and dignity in a moderately strong welfare state than there is in the Hayekian paradise of free markets.” Quite a revealing statement, to say the least.

F. A. Hayek Quotes

118,893 Aufrufe • vor 4 Monaten

Javier Milei, a staunch admirer of Hayek, delivers a blunt verdict on socialism “Socialism is always and everywhere an impoverishing phenomenon that has failed in all countries where it has been tried. It murdered over 100 million human beings.”

Javier Milei, a staunch admirer of Hayek, delivers a blunt verdict on socialism “Socialism is always and everywhere an impoverishing phenomenon that has failed in all countries where it has been tried. It murdered over 100 million human beings.”

F. A. Hayek Quotes

264,818 Aufrufe • vor 10 Monaten

Hayek explains why social justice is a meaningless term: “Justice is an attribute of individual action. I can be just or unjust towards my fellow men.” “But the conception of a social justice—to expect a just result from an impersonal process which nobody can control—is meaningless and completely impossible.”

Hayek explains why social justice is a meaningless term: “Justice is an attribute of individual action. I can be just or unjust towards my fellow men.” “But the conception of a social justice—to expect a just result from an impersonal process which nobody can control—is meaningless and completely impossible.”

F. A. Hayek Quotes

33,203 Aufrufe • vor 1 Monat

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

118,180 Aufrufe • vor 5 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

275,953 Aufrufe • vor 1 Jahr