Best 17 quotes in «hayek quotes» category

It is truly amazing that, with much less neuroscientific knowledge available, Hayek's model comes closer, in some respects, to being neurophysiologically verifiable than those models developed 50 to 60 years after his.

F. A. Hayek is probably the most prominent advocate of capitalism in the present period.

Hayek was making us think of the productive process as a process in time, inputs coming before outputs.

Most theoretical work since the proposals of Hebb (1949) and Hayek (1952) has relied upon particular forms of dependent synaptic rules in which either pre- or postsynaptic change is contingent upon closely occurring events in both neurons taking part in the synapse.

No one has characterized market mechanisms better than Friedrich von Hayek

My interest in political philosophy was rather casual until I met Hayek.

But if those coming forward with elaborate plans for the “reformation” of society are not really interested in the cause of humanity, what does motivate them? Simply the desire for power: On this point Lewis is in emphatic agreement with both Hayek and Mises. Hayek: “[T]he desire to organize social life according to a single plan itself springs largely from a desire for power.” Mises: “Every dictator plans to rear, raise, feed and train his fellow citizens as the breeder does his cattle. His aim is not to make them happy but to bring them into a condition which renders him, the dictator, happy.

.. the most intelligent defender of capitalism in the modern period is Friedrich Hayek.

When I reviewed Hayek's book, The Pure Theory of Capital, it is my sincere conviction that this work contains some of the most penetrating thoughts on the subject that have ever been published.

You know, Salma Hayek is a great cook, and she's a friend.. She's an amazing cook. If she opened up a restaurant, I would so get in on the coattails.

I have learned more from Hayek than from any other living thinker, except perhaps Alfred Tarski - but not even excepting Russell.

Throughout his life Hayek wanted to affirm his identity with the classic liberal tradition, believing that the true cause of the crises leading to two world wars was the steady increase increase in the power of the state, and its misuse in the pursuit of unattainable goals. 'Social justice' was the name of one of these goals, and Hayek expressly dismissed the expression as a piece of deceptive Newspeak, used to advance large-scale injustice in the name of its opposite.

The views of intellectuals influence the politics of tomorrow...What to the contemporary observer appears as the battle of conflicting interests has indeed often been described long before in a clash of ideas confined to narrow circles.

If people were not at most times led by some system of common ideas, neither a coherent policy nor even a real discussion about particular issues would be possible. It is doubtful whether democracy can work in the long run if the great majority do not have in common at least a general conception of the type of society desired.

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. To the naive mind that can conceive of order only as the product of deliberate arrangement, it may seem absurd that in complex conditions order, and adaptation to the unknown, can be achieved more effectively by decentralizing decisions and that a division of authority will actually extend the possibility of overall order. Yet that decentralization actually leads to more information being taken into account.

What is important is not what freedom I personally would like to exercise but what freedom some person may need in order to do things beneficial to society. This freedom we can assure to the unknown person only by giving it to all.

With the growth of market individualism comes a corollary desire to look for collective, democratic responses when major dislocations of financial collapse, unemployment, heightened inequality, runaway inflation, and the like occur. The more such dislocations occur, the more powerful and internalized, Hayek insists, neoliberal ideology must become; it must become embedded in the media, in economic talking heads, in law and the jurisprudence of the courts, in government policy, and in the souls of participants. Neoliberal ideology must become a machine or engine that infuses economic life as well as a camera that provides a snapshot of it. That means, in turn, that the impersonal processes of regulation work best if courts, churches, schools, the media, music, localities, electoral politics, legislatures, monetary authorities, and corporate organizations internalize and publicize these norms.