F. A. Hayek Quotes
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Preserving the legacy of economist & Nobel laureate F. A. Hayek (1899-1992) 🗽 More: @MiltonFriedmanW and @DailySowell
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Hayek on why he didn’t critique Keynes’s General Theory when it was first published: “I spent a lot of time criticizing his Treatise on Money, which came out before the General Theory, in two long journal articles. But when I published the second one, Keynes told me, ‘Oh, never mind, I no longer believe that.’ So when he came out with his General Theory, I thought I was not going to waste my time criticizing. But that book was the one which became so frightfully important. I regretted for the rest of my life that I did not return to the charge then.”
F. A. Hayek Quotes44,322 просмотров • 1 день назад
A fascinating clip of Margaret Thatcher discussing & quoting Hayek during a 1996 speech in New York: “I remember very well when I was just in university reading for a science degree and Hayek, brilliant and perceptive as he was, published to an astonished world, The Road to Serfdom. He’d done the analysis. He knew where it would lead. And he turned out to be right.” “Hayek wrote: ‘How sharp a break with the whole evolution of Western civilisation the modern trend toward socialism means becomes clear if we consider it not merely against the background of the 19th century but in a longer historical perspective. We are rapidly abandoning not the views merely of Cobden and Bright, of Adam Smith and Hume, or even Locke and Milton, but one of the salient characteristics of Western civilisation as it has grown from the foundations laid by Christianity and the Greeks and the Romans. Not merely 19th- and 18th-century liberalism, but the basic individualism inherited by us from Erasmus and Montaigne, from Cicero and Tacitus, Pericles and Thucydides, is progressively relinquished.’”
F. A. Hayek Quotes45,681 просмотров • 5 дней назад
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 Quotes98,810 просмотров • 1 месяц назад
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 Quotes99,004 просмотров • 1 месяц назад
Hayek on what true scientists understand that most intellectuals don’t: “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 Quotes19,908 просмотров • 8 дней назад
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 Quotes449,486 просмотров • 8 месяцев назад
Hayek explains why the term “social justice” is meaningless: “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 Quotes29,380 просмотров • 17 дней назад
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 Quotes260,615 просмотров • 8 месяцев назад
“There is basically no difference between socialism and fascism.” — Friedrich Hayek
F. A. Hayek Quotes408,999 просмотров • 1 год назад
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 просмотров • 4 месяцев назад
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 Quotes26,652 просмотров • 1 месяц назад
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 Quotes131,096 просмотров • 7 месяцев назад
“There is basically no difference between socialism and fascism.” — Friedrich Hayek
F. A. Hayek Quotes276,302 просмотров • 1 год назад