The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

quote by Friedrich Hayek
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As is true with respect to other great evils, the measures by which war might be made altogether impossible for the future may well be worse than even war itself.

quote by Friedrich Hayek
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Liberty not only means that the individual has both the opportunity and the burden of choice; it also means that he must bear the consequences of his actions. … Liberty and responsibility are inseparable.

quote by Friedrich Hayek
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The recognition of the insuperable limits to his knowledge ought indeed to teach the student of society a lesson of humility which should guard him against becoming an accomplice in men's fatal striving to control society — a striving which makes him not only a tyrant over his fellows, but which may well make him the destroyer of a civilization which no brain has designed but which has grown from the free efforts of millions of individuals.

quote by Friedrich Hayek
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Conservatism, though a necessary element in any stable society, is not a social program; in its paternalistic, nationalistic and power adoring tendencies it is often closer to socialism than true liberalism; and with its traditionalistic, anti-intellectual, and often mystical propensities it will never, except in short periods of disillusionment, appeal to the young and all those others who believe that some changes are desirable if this world is to become a better place.

quote by Friedrich Hayek
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