Friedrich Hayek

Explore quotes from Friedrich Hayek

August 3, 2020

Name: Friedrich Hayek
Born: 05/08/1899
Died: 03/23/1992 (92 years old)

Friedrich August von Hayek CH FBA (/ˈhaɪək/ HY-ək, German: [ˈfʁiːdʁɪç ˈʔaʊɡʊst ˈhaɪɛk]; 8 May 1899 – 23 March 1992), often referred to by his initials F. A. Hayek, was an Austrian-British economist and philosopher who is best known for his defence of classical liberalism. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for his “pioneering work in the theory of money and economic fluctuations and […] penetrating analysis of the interdependence of economic, social and institutional phenomena”. His account of how changing prices communicate information that helps individuals co-ordinate their plans is widely regarded as an important achievement in economics, leading to his Nobel Prize.

Birth Name: Friedrich August von Hayek

Awards: Nobel Memorial Prize in Economic Sciences, Companion of Honour, Presidential Medal of Freedom

School: longitem|University of Vienna, smaller|(Dr. jur., 1921; Dr. rer. pol, 1923)

Alias: Friedrich August von Hayek

Birth Place: Vienna, Cisleithania, Austria-Hungary

Death Place: Freiburg im Breisgau, Baden-Württemberg, Germany

Source: Wikipedia

Friedrich Hayek quotes :

A claim for equality of material position can be met only by a government with totalitarian powers.
Friedrich Hayek

Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - an authoritarian determination of the status of each individual in the new hierarchical order.
Friedrich August von Hayek

Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freedom.
Friedrich August von Hayek

Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom.
Friedrich August von Hayek

We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice.
Friedrich August von Hayek

I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.
Friedrich August von Hayek