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Friedrich August von Hayek Quotes


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Friedrich August von Hayek
May 8, 1899 - March 23, 1992
Nationality: Austrian
Category: Economist
Subcategory: Austrian Economist

The mind cannot foresee its own advance.

   

We have indeed at the moment little cause for pride: as a profession we have made a mess of things.

   

It can hardly be denied that such a demand quite arbitrarily limits the facts which are to be admitted as possible causes of the events which occur in the real world.

   

Our moral traditions developed concurrently with our reason, not as its product.

   

I regard it in fact as the great advantage of the mathematical technique that it allows us to describe, by means of algebraic equations, the general character of a pattern even where we are ignorant of the numerical values which will determine its particular manifestation.

   

If we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion.

   

He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants.

   

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