HAYEK QUOTE OF THE DAY

From Mamadou Koulibaly, President of Audace Institute Afrique:

“The critical issue is not who governs but what government is entitled to do.”

Quote of the Day

“Everywhere one looks statism is a failure. Contrast resource-rich Venezuela with Chile. Juxtapose Cuba to Colombia. Of course, compare Dark Age North Korea with the 21st-century South. Look at the UK in 1954 and 1990.

They are rioting in Europe not to embrace socialism, but in petulant fashion to find someone somehow to pay for . . . → Read More: Quote of the Day

Quote of the Day

“A government which cannot obey any principles must maintain itself by handing out special favours to particular groups. It must buy its authority by discrimination.”

– F. A. Hayek

What’s YOUR favorite Hayek quote?

I’ve added a new “Hayek quote” feature over in the right hand column —->

I’m guessing I’ve missed a few.  What are your favorite Hayek quotes?

I’ll take a few weeks hiatus blogging, and let’s see what I missed.  Comments are open.

This post will stay on top.

hayek quotes: Sound Public Policy Depends On Sound Economic Science

From F. A. Hayek’s “Principles or Expediency?”:

What helpful insight science can provide for the guidance of policy consists in an understanding of the general nature of the spontaneous order, and not in any knowledge of the particulars of a concrete situation, which it does not and cannot possess. The true appreciation of what science . . . → Read More: hayek quotes: Sound Public Policy Depends On Sound Economic Science

quotes for today: Why The Leftist Party Needs Enemies – from F. A. Hayek’s The Road to Serfdom

Friedrich Hayek explains why statist party leaders and ideological foot soldiers find vilification so important to their program:

“It is in connection with the deliberate effort of the skilful demagogue to weld together a closely coherent and homogeneous body of supporters that the third and perhaps most important element of [leftist cohort formation] enters.  It . . . → Read More: quotes for today: Why The Leftist Party Needs Enemies – from F. A. Hayek’s The Road to Serfdom

quote: Hayek on Why Economists Won’t Change Their Minds

One of the forms of private property that people cherish most is their ideas. If you convince them that their ideas are wrong, you have caused them to suffer a capital loss.

– Friedrich Hayek, quoted by Michael Walker, former head of the Fraiser Institute.

Follow FriedrichHayek on Twitter

Random Quote

I knew [in the mid 1930s] that there was something more fundamental than the difference [with Keynes] on [the question of the relation of employment to aggregate demand], but the concepts of this difference, between macro- and micro- theory, had then not yet become quite clear. It was only becoming aware of the fact that really [an engagement with Keynes and Cambridge macroeconomics more generally] to be discussion of the contrasts between micro- and macro- theory. — F. A. Hayek

خريد vpn خريد vpn خريد vpn خرید vpn آنلاین