Friedrich Hayek was born in Vienna, Austria to Felicitas von Juraschek and August von Hayek.Hayek had two siblings, Heinrich Hayek and Erich Hayek. He was the eldest among the three. Hayek came from a family of notable scholars, which greatly influenced his life.He attended the University of Vienna and pursued economics, earning his doctorates in political science and law. For his incredible work toward the 20th-century socio-economic system, Hayek was awarded the Nobel Memorial Prize in Economic Sciences which he shared with Myrdal. Hayek worked in Universities in Germany, Austria, the US, and Britain. He also received the Order of the Companions of Honour and the Presidential Medal of Freedom.Brilliant Hayek QuotesThese quotations will definitely give you an insight into one of the most notable economists of all time, Friedrich Hayek.“The mind cannot foresee its own advance.““I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.““A claim for equality of material position can be met only by a government with totalitarian powers.”- ‘Law, Legislation And Liberty’, 1973.“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.”- ‘The Constitution of Liberty’, Friedrich Hayek, 1960.“The idea that human kind can shape the world according to wish is what I call the fatal conceit.““We shall not grow wiser before we learn that much that we have done was very foolish.”- ‘The Road To Serfdom’, 1944.“Planning leads to dictatorship because dictatorship is the most effective instrument of coercion and the enforcement of ideals and, as such, essential if central planning on a large scale is to be possible.””… I prefer true but imperfect knowledge, even if it leaves much undetermined and unpredictable, to a pretense of exact knowledge that is likely to be false.“Hayek Quotes About Economics(Read more quotes about the late Friedrich Hayek, one of the leading economists.)Hayek’s book ‘The Road To Serfdom’ became one of his most successful works. It discloses how economic and political freedom is vital for an individual’s ascendancy. These Hayek quotes will shed more light on these thoughts and ideas.“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”- ‘The Fatal Conceit: The Errors Of Socialism’, 1988.“The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception.““The more the state “plans” the more difficult planning becomes for the individual.”- ‘The Road To Serfdom’, 1944.“The state itself becomes more and more identified with the interests of those who run things than with the interests of the people in general.““Socialism can only be put into practice only by methods which most socialists disapprove.““When it becomes dominated by a collectivist creed, democracy will inevitably destroy itself.““Socialism constitutes a threat to the present and future welfare of the human race, in the sense that neither socialism nor any other known substitute for the market order could sustain the current population of the world.““We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice.”- ‘Individualism: True and False’, 1945.“We must shed the illusion that we can deliberately “create the future of mankind.” This is the final conclusion of the forty years which I have now devoted to the study of these problems.“Hayek Quotes On SocietyThese quotations from the classical liberal socio-political economist, Friedrich Hayek, entirely express what he thought about society. These few quotes by him will undoubtedly liberate your current perspective.“Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom.““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.”- ‘The Constitution of Liberty’, 1960.“We must make the building of a free society once more an intellectual adventure, a deed of courage.”"‘Emergencies’ have always been the pretext on which the safeguards of individual liberty have been eroded.”- ‘Law Legislation And Liberty’, 1973.“Our moral traditions developed concurrently with our reason, not as its product.““By the time any view becomes a majority view, it is no longer the best view: somebody will already have advanced beyond the point which the majority have reached.““The idea of social justice is that the state should treat different people unequally in order to make them equal.““Our faith in freedom does not rest on the foreseeable results in particular circumstances but on the belief that it will, on balance, release more forces for the good than for the bad.““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.““To act on the belief that we possess the knowledge and the power which enable us to shape the processes of society entirely to our liking, knowledge which in fact we do not possess, is likely to make us do much harm.“Inspirational Hayek QuotesFriedrich Hayek, a philosopher, and a legal theorist was the proponent of individual classical liberalism and imparted great theories to the masses. Take a look, to know more.“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.““The case for individual freedom rests largely upon the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievements of our ends and welfare depend.““The progress of the natural sciences in modern times has of course so much exceeded all expectations that any suggestion that there may be some limits to it is bound to arouse suspicion.““To act on behalf of a group seems to free people of many of the moral restraints which control their behavior as individuals within the group.““I was quite depressed two weeks ago when I spent an afternoon at Brentano’s Bookshop in New York and was looking at the kind of books most people read. Once you see that you lose all hope.““The moral consequences of totalitarian propaganda…are destructive of all morals because they undermind one of the foundations of all morals: the sense of and respect for truth.““There is all the difference in the world between treating people equally and attempting to make them equal. While the first is the condition of a free society, the second means as De Tocqueville describes it, a new form of servitude.”- ‘Individualism: True and False’, 1945.“We must raise and train an army of fighters for freedom.”
Friedrich Hayek was born in Vienna, Austria to Felicitas von Juraschek and August von Hayek.
