|

|

Advertisements

Friedrich Hayek Quotes

No one has characterized market mechanisms better than Friedrich von Hayek Picture Quote #1

Even as I pursued a doctorate in the history of ideas in my native Denmark, I realized I had neither the encyclopedic training nor the passion for cool logic - not to mention the nerve - to follow in the footsteps of classical liberal philosophers and economists such as Robert Nozick, Friedrich Hayek, and Milton Friedman Picture Quote #1

Friedrich Hayek, who died on March 23, 1992 at age 92, was arguably the greatest social scientist of the twentieth century. By the time of his death, his fundamental way of thought had supplanted the system of John Maynard Keynes - his chief intellectual rival of the century - in the battle since the 1930s for the minds of economists and the policies of governments Picture Quote #1

. . I think the Adam Smith role was played in this cycle i.e. the late twentieth century collapse of socialism in which the idea of free-markets succeeded first, and then special events catalyzed a complete change of socio-political policy in countries around the world by Friedrich Hayek’s The Road to Serfdom Picture Quote #1

In fact, a large part of what we think of as economic activity is designed to accomplish what high transaction costs would otherwise prevent or to reduce transaction costs so that individuals can negotiate freely and we can take advantage of that diffused knowledge of which Friedrich Hayek has told us Picture Quote #1

Even philosophies who have denounced pseudosciences like psychoanalysis, have condoned pseudoscientific economic theories like neoclassical microeconomics. It is far safer and easier to criticize Freud and Jung than to criticize Milton Friedman and Friedrich Hayek, because the latter are backed by political movements whereas the former are not Picture Quote #1

Advertisements

.. the most intelligent defender of capitalism in the modern period is Friedrich Hayek Picture Quote #1

But Friedman seemed to share Friedrich Hayek’s extreme and inaccurate view that socialism of the sort that Britain embraced under the old Labour Party was incompatible with democracy, and I don’t think that there is a good theoretical or empirical basis for that view. The Road to Serfdom flunks the test of accuracy of prediction! Picture Quote #1

At a time when most movements that are thought to be progressive advocate further encroachments on individual liberty, those who cherish freedom are likely to expend their energies in opposition. In this they find themselves much of the time on the same side as those who habitually resist change Picture Quote #1

It is when it is contended that in a democracy right is what the majority makes it to be that democracy degenerates into demagoguery Picture Quote #1

I am certain that nothing has done so much to destroy the juridical safeguards of individual freedom as the striving after this mirage of social justice Picture Quote #1

Friedrich Hayek is not an important figure in the history of macroeconomics Picture Quote #1

Advertisements

The conservative feels safe and content only if he is assured that some higher wisdom watches and supervises change, only if he knows that some authority is charged with keeping the change orderly Picture Quote #1

If democracy is a means rather than an end, its limits must be determined in the light of the purpose we want it to serve Picture Quote #1

We certainly do not regard it as right that the citizens of a large country should dominate those of a small adjoining country merely because they are more numerous Picture Quote #1

Human reason can neither predict nor deliberately shape its own future. Its advances consist in finding out where it has been wrong Picture Quote #1

If we are to understand how society works, we must attempt to define the general nature and range of our ignorance concerning it Picture Quote #1

We must face the act that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice Picture Quote #1

Advertisements

Friendship Quotes

Motivational Quotes

Inspirational Quotes

Advertisements

Text Quotes

No one has characterized market mechanisms better than Friedrich von Hayek (Friedrich Hayek Quotes) Even as I pursued a doctorate in the history of ideas in my native Denmark, I realized I had neither the encyclopedic training nor the passion for cool logic - not to mention the nerve - to follow in the footsteps of classical liberal philosophers and economists such as Robert Nozick, Friedrich Hayek, and Milton Friedman. (Friedrich Hayek Quotes) Friedrich Hayek, who died on March 23, 1992 at age 92, was arguably the greatest social scientist of the twentieth century. By the time of his death, his fundamental way of thought had supplanted the system of John Maynard Keynes - his chief intellectual rival of the century - in the battle since the 1930s for the minds of economists and the policies of governments. (Friedrich Hayek Quotes) . . I think the Adam Smith role was played in this cycle i.e. the late twentieth century collapse of socialism in which the idea of free-markets succeeded first, and then special events catalyzed a complete change of socio-political policy in countries around the world by Friedrich Hayek’s The Road to Serfdom. (Friedrich Hayek Quotes) In fact, a large part of what we think of as economic activity is designed to accomplish what high transaction costs would otherwise prevent or to reduce transaction costs so that individuals can negotiate freely and we can take advantage of that diffused knowledge of which Friedrich Hayek has told us. (Friedrich Hayek Quotes) Even philosophies who have denounced pseudosciences like psychoanalysis, have condoned pseudoscientific economic theories like neoclassical microeconomics. It is far safer and easier to criticize Freud and Jung than to criticize Milton Friedman and Friedrich Hayek, because the latter are backed by political movements whereas the former are not. (Friedrich Hayek Quotes) .. the most intelligent defender of capitalism in the modern period is Friedrich Hayek. (Friedrich Hayek Quotes) But Friedman seemed to share Friedrich Hayek’s extreme and inaccurate view that socialism of the sort that Britain embraced under the old Labour Party was incompatible with democracy, and I don’t think that there is a good theoretical or empirical basis for that view. The Road to Serfdom flunks the test of accuracy of prediction! (Friedrich Hayek Quotes) At a time when most movements that are thought to be progressive advocate further encroachments on individual liberty, those who cherish freedom are likely to expend their energies in opposition. In this they find themselves much of the time on the same side as those who habitually resist change (Friedrich Hayek Quotes) It is when it is contended that in a democracy right is what the majority makes it to be that democracy degenerates into demagoguery (Friedrich Hayek Quotes) I am certain that nothing has done so much to destroy the juridical safeguards of individual freedom as the striving after this mirage of social justice (Friedrich Hayek Quotes) Friedrich Hayek is not an important figure in the history of macroeconomics (Friedrich Hayek Quotes) The conservative feels safe and content only if he is assured that some higher wisdom watches and supervises change, only if he knows that some authority is charged with keeping the change orderly (Friedrich Hayek Quotes) If democracy is a means rather than an end, its limits must be determined in the light of the purpose we want it to serve (Friedrich Hayek Quotes) We certainly do not regard it as right that the citizens of a large country should dominate those of a small adjoining country merely because they are more numerous (Friedrich Hayek Quotes) Human reason can neither predict nor deliberately shape its own future. Its advances consist in finding out where it has been wrong (Friedrich Hayek Quotes) If we are to understand how society works, we must attempt to define the general nature and range of our ignorance concerning it (Friedrich Hayek Quotes) We must face the act that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice (Friedrich Hayek Quotes)