Friedrich Hayek - The Fatal Conceit (1988)

5 Sourced Quotes

View all Friedrich Hayek Quotes

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

Friedrich Hayek

That order generated without design can far outstrip plans men consciously contrive

Friedrich Hayek

Socialism constitutes a threat to the present and future welfare of the human race, in the sense that neither socialism nor any other known substitute for the market order could sustain the current population of the world.

Friedrich Hayek

Whatever men live for, today most live only because of the market order.

Friedrich Hayek

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 Hayek