Friedrich Hayek Quote

Where effective competition can be created, it is a better way of guiding individual efforts than any other... regards competition as superior not only because it is in most circumstances the most efficient method known but even more because it is the only method by which our activities can be adjusted to each other without coercive or arbitrary intervention of authority.


The Road to Serfdom (ed. 1965)

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Where effective competition can be created, it is a better way of guiding individual efforts than any other... regards competition as superior not...

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Where effective competition can be created, it is a better way of guiding individual efforts than any other... regards competition as superior not...

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Where effective competition can be created, it is a better way of guiding individual efforts than any other... regards competition as superior not...

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Where effective competition can be created, it is a better way of guiding individual efforts than any other... regards competition as superior not...