Quote of the Day
Authors Categories Blog Quote Maker Videos
 

Friedrich August von Hayek Quotes: I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it.
         

I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it.


Friedrich August von Hayek
Check all other quotes by Friedrich August von Hayek

Want to display this quote image on your website or blog? Simply copy and paste the below code on your website/blog.

Embed:

Format of this image is jpg. The width and height of image are 1200 and 630, repectively. This image is available for free to download.





Citation

Use the citation below to add this quote to your bibliography:


Styles:

×

MLA Style Citation


"Friedrich August von Hayek Quotes." Quoteslyfe.com, 2024. Mon. 23 Dec. 2024. <https://www.quoteslyfe.com/quote/I-must-confess-that-if-I-had-591418>.





Check out


Other quotes of Friedrich August von Hayek


The idea of social justice is that the state should treat different people unequally in order to make them equal.

The idea of social justice is that the state should treat different people unequally in order to make them equal.



If socialists understood economics, they wouldn't be socialist.

If socialists understood economics, they wouldn't be socialist.



There is all the difference in the world between treating people equally and attempting to make them equal.

There is all the difference in the world between treating people equally and attempting to make them equal.



'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.

'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.



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

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



[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most power-hungry and unscrupulous.

[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most power-hungry and unscrupulous.



In government, the scum rises to the top.

In government, the scum rises to the top.



Social justice rests on the hate towards those that enjoy a comfortable position, namely, upon envy.

Social justice rests on the hate towards those that enjoy a comfortable position, namely, upon envy.



The more the state "plans" the more difficult planning becomes for the individual.

The more the state "plans" the more difficult planning becomes for the individual.



It is indeed probable that more harm and misery have been caused by men determined to use coercion to stamp out a moral evil than by men intent on doing evil.

It is indeed probable that more harm and misery have been caused by men determined to use coercion to stamp out a moral evil than by men intent on doing evil.





Other quotes you may like


(Everyday life is like a sack: with holes. And you carry it anyway.)

(Everyday life is like a sack: with holes. And you carry it anyway.)



I am of the very last generation who didn't have computers at school. As we grow old we'll become something of an aberration.

I am of the very last generation who didn't have computers at school. As we grow old we'll become something of an aberration.



I watch virtually no TV. All my screen time is computer time for me. When I'm not doing that I'm reading or talking to my friends who I got to know through computers.

I watch virtually no TV. All my screen time is computer time for me. When I'm not doing that I'm reading or talking to my friends who I got to know through computers.



Whatever God is urging you to clear away cannot begin to be compared to what He ultimately wants to bring you.

Whatever God is urging you to clear away cannot begin to be compared to what He ultimately wants to bring you.



It is a rare and high privilege to be in a position to help people understand the differences that they can make not only in their own lives but in the lives of others by simply giving of themselves.

It is a rare and high privilege to be in a position to help people understand the differences that they can make not only in their own lives but in the lives of others by simply giving of themselves.



To generate great power you must first totally relax and gather your strength, and then concentrate your mind and all your strength on hitting your target.

To generate great power you must first totally relax and gather your strength, and then concentrate your mind and all your strength on hitting your target.



When I want to play music, you've got to get me on tape or else it goes.

When I want to play music, you've got to get me on tape or else it goes.



Adversity is not a dead end but a detour to a better outcome than you can imagine!

Adversity is not a dead end but a detour to a better outcome than you can imagine!



And there'd be no more jokes in Music-halls To mock the riddled corpses round Bapaume.

And there'd be no more jokes in Music-halls To mock the riddled corpses round Bapaume.



As resolute as I feel about my convictions, if I'm wrong, I'm man enough to say I'm wrong, because I find it a rare occasion anyway.

As resolute as I feel about my convictions, if I'm wrong, I'm man enough to say I'm wrong, because I find it a rare occasion anyway.




Quote Description


This page presents the quote "I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it.". Author of this quote is Friedrich August von Hayek. This quote is about nobel prize, should have, nobel, economics,.