Life is a value to be bought and thinking is the only coin noble enough to buy it.

The only reason I would write a sequel is if I were struck by an idea that I felt to be equal to the original. Too many sequels diminish the original.

The most difficult thing to adjust to, apparently, is peace and contentment.

It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only those individuals know.

I have arrived at the conviction that the neglect by economists to discuss seriously what is really the crucial problem of our time is due to a certain timidity about soiling their hands by going from purely scientific questions into value questions.

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.

Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a physical theory, a scientist would certainly be expected to give precise information?

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.

Friedrich August von Hayek

Quotes by Friedrich August von Hayek

Written By Friedrich August von Hayek

Written By Friedrich August von Hayek

Written By Friedrich August von Hayek

Written By Friedrich August von Hayek

Written By Friedrich August von Hayek

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