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Quote by Friedrich August von Hayek

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Friedrich August von Hayek
Friedrich August von Hayek

Friedrich August von Hayek, born on May 8, 1899, in Austria, and died on March 23, 1992, in the United Kingdom, was one of the most distinguished economists of the 20th century. He is renowned for his profound insights into the free market economy and his critical views on socialism. more

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“While big-business leaders and firms can be highly productive, servants of consumers in a free market economy, they are also all too often, seekers after subsidies, contracts, privileges, or cartels furnished by big government. Often, business lobbyists and leaders are the sparkplugs for the statist, interventionist system.”

“We must not cast away riches which can benefit our neighbor. Possessions were made to be possessed; goods are called goods because they do good, and they have been provided by God for the good of men: they are at hand and serve as the material, the instruments for a good use in the hand of him who knows how to use them.”