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Friedrich August von Hayek Quotes: The Nobel Prize confers on an individual an authority which in economics no man ought to possess.
         

The Nobel Prize confers on an individual an authority which in economics no man ought to possess.


Friedrich August von Hayek
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"Friedrich August von Hayek Quotes." Quoteslyfe.com, 2024. Sun. 22 Dec. 2024. <https://www.quoteslyfe.com/quote/The-Nobel-Prize-confers-on-an-individual-591420>.





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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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The goal of education is to enable individuals to continue their education.

The goal of education is to enable individuals to continue their education.



The Holy Spirit is the most influential mentor in your life. He is always willing to teach and guide you in all Truth.

The Holy Spirit is the most influential mentor in your life. He is always willing to teach and guide you in all Truth.



Indeed science alone may perhaps be sterile when pursued without an understanding of the world in which scientific knowledge is created and in which the fruits of science are used.

Indeed science alone may perhaps be sterile when pursued without an understanding of the world in which scientific knowledge is created and in which the fruits of science are used.



Change the instruments and you will change the entire social theory that goes with them

Change the instruments and you will change the entire social theory that goes with them



We Christians do not believe that Jesus Christ was the only one that ever rose from the dead. We believe that every death-bed is a resurrection; that from every grave the stone, is rolled away.

We Christians do not believe that Jesus Christ was the only one that ever rose from the dead. We believe that every death-bed is a resurrection; that from every grave the stone, is rolled away.



You know, many people believe that we archaeologists are just a collection of old fogies digging around in the ruins after old dried up skulls and bones.

You know, many people believe that we archaeologists are just a collection of old fogies digging around in the ruins after old dried up skulls and bones.



But I will say that most comedians are the saddest people I know. That is the biggest paradox to me.

But I will say that most comedians are the saddest people I know. That is the biggest paradox to me.




Work is one of the best educators of practical character.

Work is one of the best educators of practical character.



We're living in a new Beat time, in my view. And it's very difficult for us to hang on.

We're living in a new Beat time, in my view. And it's very difficult for us to hang on.




Quote Description


This page presents the quote "The Nobel Prize confers on an individual an authority which in economics no man ought to possess.". Author of this quote is Friedrich August von Hayek. This quote is about nobel prize, men, economics, individual, ought, authority,.