Friedrich Hayek Quotes


Related Quotes

This quotation is classic in that it illustrates a fundamental difference between a political and religious view of rights. Politically a citizen is entitled to rights with no requirement or condition of responsibility. Politically, we may desire and applaud or even reward responsible behavior, but we may not condition the rights on someone’s version of responsible use of the rights. Indeed, the real test is if people have rights who are generally thought to be irresponsible. See {633640} .


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.