It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only those individuals know.
Friedrich August von Hayek
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More quotes by Friedrich August von Hayek
- A claim for equality of material position can be met only by a government with totalitarian powers.
- Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - an authoritarian determination of the status of each individual in the new hierarchical order.
- Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freedom.
- Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom.
- We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice.