| 10 of 10 results found for - "F. A. Hayek" |
[Quote No.35569] Need Area: Money > Tax
"[Here is one economist's argument against too redistributive a use of taxes by government in the name of 'equality of opportunities and results':] The subtle change in meaning to which the word ‘freedom' was subjected in order that this argument sound plausible is important. To the great apostles of political freedom the word had meant freedom from coercion [and fraud], freedom from the arbitrary power of other men, release from the ties which left the individual no choice but obedience to the orders of a superior to whom he was attached...The demand for the new freedom was [in contrast]...only a name for the old demand of an equal distribution of wealth [which as soon as the individual received their equal share would become unequal again by the way they managed, invested, spent, saved and the effects of luck, circumstance, ability and inheritance, unless it was continually recycled from the able and fortunate back to the incompetent and unlucky. Then there would be no incentive to struggle to evolve to become competent or avoid high risk, which would eventually reduce the amount available to tax and distribute, reducing the living standards of all equally. That is not to say that there should not be some redistribution of wealth (forced? or voluntary) for a number of reasons:- peace of mind for all, compassion for the unfortunate, help for the able to get closer to achieving their potential for the good of themselves and the community; and to maintain social order, which may otherwise deteriorate removing everyone's chances for a better life at least for a time if a large enough portion of the population felt unjustly treated by authorities and rebelled throwing society into chaos.]" - F. A. Hayek
Famous economist. Quote from 'The Road to Serfdom' - 'The Great Utopia.' p. 77
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[Quote No.13219] Need Area: Friends > General
"Liberty not only means that the individual has both the opportunity and the burden of choice, it also means that he must bear the consequences of his actions and will receive praise or blame for them. Liberty and responsibility are inseparable." - F. A. Hayek
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[Quote No.33735] Need Area: Friends > General
"We must make the building of a free society once more an intellectual adventure, a deed of courage." - F. A. Hayek
(1899 – 1992), Austrian Nobel laureate in economics, social scientist, political theorist and author.
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[Quote No.41690] Need Area: Friends > General
"I've always doubted that the socialists had a leg to stand on intellectually. They have improved their argument somehow, but once you begin to understand that prices are an instrument of communication and guidance which embody more information than we directly have, the whole idea that you can bring about the same order based on the division of labor by simple direction falls to the ground. Similarly, the idea [that] you can arrange for distributions of incomes which correspond to some conception of merit or need. If you need prices, including the prices of labor, to direct people to go where they are needed, you cannot have another distribution except the one from the market principle. I think that intellectually there is just nothing left of socialism." - F. A. Hayek
Famous economist. Quote from an interview by Thomas W. Hazlett, in May of 1977, as published in 'The Road to Serfdom, Forseeing the Fall', in 'Reason' magazine, July 1992.
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[Quote No.44003] Need Area: Friends > General
"[Individual Freedom Versus Mass 'Slavery':] Man in any complex society can have no choice but between adjusting himself to what to him must seem the blind forces of the social [free market] process and obeying the orders of a superior ['master']. So long as he knows only the hard discipline of the market, he may well think the direction by some other intelligent human brain [or brains as in a government by politicians] preferable; but, when he tries it, he soon discovers that the former still leaves him at least some choice, while the latter leaves him none, and that it is better to have a choice between unpleasant alternatives than being coerced into one." - F. A. Hayek
Nobel Prize winning Austrian School economist in his book, 'Individualism: True and False'.
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[Quote No.45399] Need Area: Friends > General
"[One of the benefits of living in society and the social contract:] It is largely because civilization enables us constantly to profit from knowledge which we individually do not possess and because each individual's use of his particular knowledge may serve to assist others unknown to him in achieving their ends that men as members of civilized society can pursue their individual ends so much more successfully than they could alone." - F. A. Hayek
Nobel Prize winning economist, socio-political theorist and author.
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[Quote No.51185] Need Area: Friends > General
"It is largely because civilization enables us constantly to profit from knowledge which we individually do not possess and because each individual's use of his particular knowledge may serve to assist others unknown to him in achieving their ends that men as members of civilized society can pursue their individual ends so much more successfully than they could alone." - F. A. Hayek
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[Quote No.55189] Need Area: Friends > General
"Emergencies [public crises] have always been the pretext on which the safeguards of individual liberty have been eroded." - F. A. Hayek
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[Quote No.60872] Need Area: Friends > General
"[Individual freedom and personal responsibility:] Liberty not only means that the individual has both the opportunity and the burden of choice; it also means that he must bear the consequences of his actions and will receive praise or blame for them." - F. A. Hayek
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[Quote No.65288] Need Area: Friends > General
"It is largely because civilization enables us constantly to profit from knowledge which we individually do not possess and because each individual's use of his particular knowledge may serve to assist others unknown to him in achieving their ends that men as members of civilized society can pursue their individual ends so much more successfully than they could alone [and therefore why they agree to the social contract of giving up their solitary total freedom]." - F. A. Hayek
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