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Friedrich August von Hayek Quotes: 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.
         

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.


Friedrich August von Hayek
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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.
         



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"Friedrich August von Hayek Quotes." Quoteslyfe.com, 2024. Mon. 23 Dec. 2024. <https://www.quoteslyfe.com/quote/It-is-rather-a-problem-of-how-329232>.




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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.





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Everything you go through grows you.

Everything you go through grows you.



Greed is an unreasonable or all-absorbing desire to acquire things or wealth. One test of greed is that it is never satisfied. Greed is repeatedly condemned in the Bible.

Greed is an unreasonable or all-absorbing desire to acquire things or wealth. One test of greed is that it is never satisfied. Greed is repeatedly condemned in the Bible.



The truth of life is that almost all that we achieve through pain is the best medicine for us, as most drugs are bitter

The truth of life is that almost all that we achieve through pain is the best medicine for us, as most drugs are bitter



Peace comes through understanding

Peace comes through understanding



The evolution of the sport is so fast, if you slow down for a second, you're past.

The evolution of the sport is so fast, if you slow down for a second, you're past.



I do most of my work with kids. They are the very foundation of our future. We are so incredibly disrespectful to them in America in every way because they can't vote.

I do most of my work with kids. They are the very foundation of our future. We are so incredibly disrespectful to them in America in every way because they can't vote.



Prosperity cannot be a proof of God's favor, since it is what the devil promises to those who worship him. (Matt. 4:9)

Prosperity cannot be a proof of God's favor, since it is what the devil promises to those who worship him. (Matt. 4:9)



Hollywood is a place where they'll pay you a thousand dollars for a kiss and fifty cents for your soul.

Hollywood is a place where they'll pay you a thousand dollars for a kiss and fifty cents for your soul.



I've had a lot of unhappiness in my life — and a lot of happiness. Who doesn't? Maybe I've learned enough to be able to guide my daughters.

I've had a lot of unhappiness in my life — and a lot of happiness. Who doesn't? Maybe I've learned enough to be able to guide my daughters.



Recovery culture teaches you that you have to repent. I don't think that's necessary.

Recovery culture teaches you that you have to repent. I don't think that's necessary.




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This page presents the quote "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.". Author of this quote is Friedrich August von Hayek. This quote is about problem, best,.