Without the rich – without those who accumulated capital – those poor who could exist at all would be very much poorer indeed, scratching a livelihood from marginal lands on which every drought would kill most of the children they would be trying to raise.

— Friedrich August von Hayek

Friedrich August von Hayek Quotes

The freedom that will be used by only one man in a million may be more important to society and more beneficial to the majority than any freedom that we all use.

— Friedrich August von Hayek

It is neither necessary nor desirable that national boundaries should mark sharp differences in standards of living, that membership of a national group should entitle to a share in a cake altogether different from that in which members of other groups share.

— Friedrich August von Hayek

Economic transactions between national bodies who are at the same time the supreme judges of their own behavior, who bow to no superior law, and whose representatives cannot be bound by any considerations but the immediate interest of their respective nations, must end in clashes of power.

— Friedrich August von Hayek

Whenever it is necessary that one of several conflicting opinions should prevail and when one would have to be made to prevail by force if need be, it is less wasteful to determine which has the stronger support by counting numbers than by fighting.

— Friedrich August von Hayek

When it becomes dominated by a collectivist creed, democracy will inevitably destroy itself.

— Friedrich August von Hayek

The Germans would appear as the disturbers of peace, as they already do to some people, merely because they were the first to take the path along which all the others were ultimately to follow.

— Friedrich August von Hayek

Humiliating to human pride as it may be, we must recognize that the advance and even the preservation of civilization are dependent upon a maximum of opportunity for accidents to happen.

— Friedrich August von Hayek

Should our moral beliefs really prove to be dependent on factual assumptions shown to be incorrect, it would be hardly moral to defend them by refusing to acknowledge the facts.

— Friedrich August von Hayek

This is the constitutional limitation of man’s knowledge and interests, the fact that he cannot know more than a tiny part of the whole of society and that therefore all that can enter into his motives are the immediate effects which his actions will have in the sphere he knows.

— Friedrich August von Hayek

It used to be the boast of free men that, so long as they kept within the bounds of the known law, there was no need to ask anybody’s permission or to obey anybody’s orders. It is doubtful whether any of us can make this claim today.

— Friedrich August von Hayek

Liberty is an opportunity for doing good, but this is only so when it is also an opportunity for doing wrong.

— Friedrich August von Hayek

Once politics become a tug-of-war for shares in the income pie, decent government is impossible.

— Friedrich August von Hayek

That there is little hope of international order or lasting peace so long as every country is free to employ whatever measures it thinks desirable in its own immediate interest, however damaging they may be to others, needs little emphasis now.

— Friedrich August von Hayek

We can either have a free Parliament or a free people. Personal freedom requires that all authority is restrained by long-run principles which the opinion of the people approves.

— Friedrich August von Hayek

It would clearly not be an improvement to build all houses exactly alike in order to create a perfect market for houses, and the same is true of most other fields where differences between the individual products prevent competition from ever being perfect.

— Friedrich August von Hayek

To discover the meaning of what is called “social justice” has been one of my chief preoccupations for more than 10 years. I have failed in this endeavour or rather, have reached the conclusion that, with reference to society of free men, the phrase has no meaning whatever.

— Friedrich August von Hayek

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.

— Friedrich August von Hayek

Socialism has never and nowhere been at first a working-class movement.

— Friedrich August von Hayek

Perhaps even more than elsewhere current notions of what is desirable and practicable are here still of a kind which may well produce the opposite of what they promise.

— Friedrich August von Hayek

Is there a greater tragedy imaginable than that, in our endeavour consciously to shape our future in accordance with high ideals, we should in fact unwittingly produce the very opposite of what we have been striving for?

— Friedrich August von Hayek
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