Friedrich Hayek Quotes


Once you admit that the individual is merely a means to serve the ends of the higher entity called society or the nation, most of those features of totalitarianism which horrify us follow of necessity


Citations

Hayek, Friedrich A. The Road to Serfdom. University of Chicago Press, 1944, p. 149.

Related Quotes

“Liberals” and “liberalism” have very different meanings in Europe and pre-WWII America than contemporary America where “liberal” has been associated with a particular left wing view of democracy where it used to represent democracy where the individual has rights, not to be denied by the state---in opposition to monarchy, despotism and dictatorships.


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.