“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.”
Verified quotes
Friedrich A. Hayek quotes
4 verified quotes from Friedrich A. Hayek, each checked word-for-word against the archive's own full text. All 21 of Friedrich A. Hayek's works are available free in the archive.
“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.”
“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”
“We shall not grow wiser before we learn that much that we have done was very foolish.”