The disdain of profit is due to ignorance, and to an attitu… - F.A. Hayek

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The disdain of profit is due to ignorance, and to an attitude that we may if we wish admire in the ascetic who has chosen to be content with a small share of the riches of this world, but which, when actualised in the form of restrictions on profits of others, is selfish to the extent that it imposes asceticism, and indeed deprivations of all sorts, on others.

F.A. Hayek

freedom communism capitalism socialism economics liberty anarcho-capitalism ancap anarchy austrian-school-of-economics statism voluntaryism austrian-economics

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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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The disdain of profit is due to ignorance, and to an attitude that we may if we wish admire in the ascetic who has chosen to be content with a small … - F.A. Hayek

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