Friedrich Hayek Quotes


Our submission to general principles is necessary because we cannot be guided in our practical action by full knowledge and evaluation of the consequences. So long as men are not omniscient, the only way in which freedom can be given to the individual is by such general rules to delimit the sphere in which the decision is his. There can be no freedom if the government is not limited to particular kinds of action but can use its powers in any ways which serve particular ends.


Citations

Hayek, Friedrich A. The Constitution of Liberty. University of Chicago Press, 1960, p. 66.

Related Quotes

This view causes great problems for Republicans and Tea Party members in that they share this and a few other particular views with the race haters like Lane. Many tend to conflate the viewpoints—especially when KKK and Aryan Nation members show up at Tea Party Rallies. Also, the extreme hyperbolic rhetoric. Someone who disagrees supports “tyranny” and is not a fellow citizen.


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.