If all had to wait for better things until they could be pr… - F.A. Hayek

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If all had to wait for better things until they could be provided for all, that day would in many instances never come. Even the poorest today owe their relative material well-being to the results of past inequality.

F.A. Hayek

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luxuries wealth-creation economic-progress poverty inequality

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About F.A. 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 Nobel Memorial Prize in Economic Sciences (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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Friedrich Hayek Thomas Sowell Milton Friedman John Stuart Mill Ludwig von Mises

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If all had to wait for better things until they could be provided for all, that day would in many instances never come. Even the poorest today owe th… - F.A. Hayek

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