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.

It can hardly be denied that such a demand quite arbitrarily limits the facts which are to be admitted as read more

It can hardly be denied that such a demand quite arbitrarily limits the facts which are to be admitted as possible causes of the events which occur in the real world.

'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.

'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.