Friedrich Hayek
Austrian-British · 1899–1992
Austrian-British economist and political philosopher, Nobel laureate, known for his defense of classical liberalism and critique of central planning.
Wikipedia ↗“The argument for liberty is not an argument against organization, which is one of the most powerful tools human reason can employ, but an argument against all exclusive, privileged, monopolistic organization, against the use of coercion to prevent others from doing better.”
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“The more the state plans, the more difficult planning becomes for the individual.”
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“We shall not grow wiser before we learn that much that we have done was very foolish.”
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“The knowledge of the circumstances of which we must make use never exists in concentrated or integrated form but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess.”
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“Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freedom.”
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“If we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion.”
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“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”
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