What Friedrich Hayek thinks about capitalism
Austrian-British economist and political philosopher (1899 to 1992) who shared the 1974 Nobel Memorial Prize in Economic Sciences and argued that central economic planning destroys political freedom.
Everything they publish, on ppll ↗
Friedrich Hayek did not write this page.
We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.
4 dated positions, c. 1944, in their own words. Our reading of what Friedrich Hayek has said — not written or endorsed by them.
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Their wordsOur freedom of choice in a competitive society rests on the fact that, if one person refuses to satisfy our wishes we can turn to another.
↗The Road to Serfdom (Routledge, 2001 edition)books.google.com All 23 from this book
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Their wordsWhat our generation has forgotten is that the system of private property is the most important guarantee of freedom, not only for those who own property, but scarcely less for those who do not.
↗The Road to Serfdom (Routledge, 2001 edition)books.google.com All 23 from this book
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Their wordsIt is only because the control of the means of production is divided among many people acting independently that nobody has complete power over us, that we as individuals can decide what to do with ourselves.
↗The Road to Serfdom (Routledge, 2001 edition)books.google.com All 23 from this book
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Their wordsIt was men's submission to the impersonal forces of the market that in the past has made possible the growth of a civilisation which without this could not have developed
↗The Road to Serfdom (Routledge, 2001 edition)books.google.com All 23 from this book