Friedrich August Von Hayek

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.

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.

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.

Intellects whose desires have outstripped their understanding.

Intellects whose desires have outstripped their understanding.

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.