Friedrich Hayek Quotes

A collection of quotes by Friedrich Hayek.

Friedrich Hayek (1899-1992) was an Austrian-British economist and philosopher renowned for his contributions to classical liberalism and free-market capitalism. He emphasized the importance of the price mechanism in allocating resources efficiently and argued against central planning and socialism. Hayek's notable works include "The Road to Serfdom" and "The Constitution of Liberty," which championed individual liberty, limited government intervention, and market competition. He received the Nobel Memorial Prize in Economic Sciences in 1974 for his profound influence on the fields of economics, political philosophy, and social theory.

If I am not mistaken, psychology, psychiatry and some branch

If I am not mistaken, psychology, psychiatry and some branches of sociology, not to speak about the so-called philosophy of history, are even more affected by what I have called the scientistic prejudice, and by specious claims of what science can achieve.

Friedrich Hayek

Science History Philosophy

The progress of the natural sciences in modern times has of

The progress of the natural sciences in modern times has of course so much exceeded all expectations that any suggestion that there may be some limits to it is bound to arouse suspicion.

Friedrich Hayek

Time Science Progress Thetimes