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Friedrich Hayek -
The Fatal Conceit (1988)
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
Friedrich Hayek
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That order generated without design can far outstrip plans men consciously contrive
Friedrich Hayek
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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
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Whatever men live for, today most live only because of the market order.
Friedrich Hayek
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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
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Everywhere I go, I'm asked if I think the universities stifle writers. My opinion is that they don't stifle enough of them. There's many a bestseller that could have been prevented by a good teacher.
Flannery O'Connor
Friedrich Hayek
Born:
May 8, 1899
Died:
March 23, 1992
(aged 92)
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