Friedrich Hayek Quotes


One need not be a prophet to be aware of impending dangers. An accidental combination of experience and interest will often reveal events to one man under aspects which few yet see.


Citations

Hayek, Friedrich A. The Road to Serfdom. University of Chicago Press, 1944, p. 1.

Related Quotes

As a refugee from Communist Europe where history and memory constantly affect the lives of people for centuries if not millennia, he became a forward thinking individual and wanted to avoid people being mired in the past.


Greece claims him as well since the Greek culture was dominant throughout the Mediterranean at the time.


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.