Friedrich August Von Hayek

I have arrived at the conviction that the neglect by economists to discuss seriously what is really the crucial problem read more

I have arrived at the conviction that the neglect by economists to discuss seriously what is really the crucial problem of our time is due to a certain timidity about soiling their hands by going from purely scientific questions into value questions.

I regard it in fact as the great advantage of the mathematical technique that it allows us to describe, by read more

I regard it in fact as the great advantage of the mathematical technique that it allows us to describe, by means of algebraic equations, the general character of a pattern even where we are ignorant of the numerical values which will determine its particular manifestation.

If we wish to preserve a free society, it is essential that we recognize that the desirability of a particular read more

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.

A claim for equality of material position can be met only by a government with totalitarian powers.

A claim for equality of material position can be met only by a government with totalitarian powers.

Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - read more

Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - an authoritarian determination of the status of each individual in the new hierarchical order.