Friedrich Hayek Quotes


From the saintly and single-minded idealist to the fanatic is often but a step.


Citations

Friedrich A. Hayek, 1899-1992, Austrian Economist and Political Philosopher, Nobel Laureate in Economics, The Road to Serfdom, University of Chicago, 1944

Sourced by: Eigen's Political and Historical Quotations

Related Quotes

This is a wonderful quotation which illustrates the polarization which had taken place in America as a result of the slavery issue. Lincoln’s address—which history and most people have adjudged to be such a moderate attempt to find common ground, and which offended many of his constituents because he was compromising and temporizing on the slavery issue—was seen as the radical attacks of a “fanatic”. There is probably no policy that Lincoln or any other President could have followed that would be even marginally acceptable to the slave owners and their economies and the abolitionists and their economies. In the final analysis, slavery was the kind of issue that is not susceptible to compromise. No nation can exist half slave and half free. The Civil War was inevitable unless the South would give up slavery or the North would accept it.


This quotation is often given by those who believe that nothing has really changed regarding the Arabs and non-Islamic Westerners in the last century. While the support of dictators, Israel and support for that democracy, the artificial Western imposed borders, 9-11, or the Iraq war is often cited as the cause of Arab hostility and murderous aggression, as this quotation demonstrates, the problems and attitudes and behaviors existed long before any of these occurred. The borders were not set until after WWI and all the other causes occurred almost 50 years later, Yet there was still the propensity for fanaticism and violence. Sikes actually was one of those who was to determine the Arab borders, making one of the first “suggested” maps of the area for the English.


Friedrich Hayek
Friedrich Hayek
  • Born: May 8, 1899
  • Died: March 23, 1992
  • Nationality: Austrian
  • Profession: Economist

Friedrich August von Hayek CH FBA, often referred to by his initials F. A. Hayek, was an Austrian-British economist and philosopher who is best known for his defence of classical liberalism. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for his "pioneering work in the theory of money and economic fluctuations and [...] penetrating analysis of the interdependence of economic, social and institutional phenomena". His account of how changing prices communicate information that helps individuals co-ordinate their plans is widely regarded as an important achievement in economics, leading to his Nobel Prize.