Since the value of freedom rests on the opportunities it provides for unforeseen and unpredictable actions, we will rarely know what we lose through … - Friedrich Hayek
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Since the value of freedom rests on the opportunities it provides for unforeseen and unpredictable actions, we will rarely know what we lose through a particular restriction of freedom.
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About
Friedrich Hayek
Friedrich August von Hayek CH (8 May 1899 – 23 March 1992) was an Austrian, later British, economist and philosopher best known for his defense of classical liberalism. In 1974, Hayek shared the (with Gunnar Myrdal) for his "pioneering work in the theory of money and economic fluctuations and … penetrating analysis of the interdependence of economic, social and institutional phenomena". (Nobel Memorial Prize, 1974)
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Wikimedia Commons, The original uploader was DickClarkMises at English Wikipedia. (CC BY-SA)
Also Known As
Native Name:
Friedrich August von Hayek
Alternative Names:
Friedrich von Hayek
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Friedrich A. von Hayek
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Friedrich A. Von Hayek
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F. A. von Hayek
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Friedrich August Von Hayek
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Hayek
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F. A. Hayek
Portrait from Wikimedia Commons. Credit: The original uploader was DickClarkMises at English Wikipedia.. Used under CC BY-SA. Processed and styled by Quotewise.
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It is no exaggeration to say that the central aim of socialism is to discredit those traditional morals which keep us alive.
The human groups have been selected for the effects of their habitual practices, effects of which the individuals were not and could not be aware. Customs are mostly group properties, beneficial only if they are common properties of its individual members but referring to reciprocal action. Morals have not only been designed by man, but man also usually does not understand their reason.
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I believe that the main lesson which our generation has learnt is that we must find a new limit for the activities of government, a limit which leaves ample scope for sensible experimentation but which secures the freedom of the individual as the mainspring of all social and political activity. The whole purpose of these lectures has been to suggest that we can find such a limit if we are willing to revive and develop the ancient ideal of the Rule of Law.
