Friedrich Hayek

Friedrich August von Hayek (1899 - 1992) was an Austrian-born economist and Nobel laureate.

Liberty not only means that the individual has both the opportunity and the burden of choice; it also means that he must bear the consequences of his actions. Liberty and responsibility are inseparable.
Friedrich Hayek

Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom.
Friedrich Hayek

What a free society offers to the individual is much more than what he would be able to do if only he were free.
Friedrich Hayek

I regard the preservation of what is known as the capitalist system, of the system of free markets and the private ownership of the means of production, as an essential condition of the very survival of mankind.
Friedrich Hayek

The more the state "plans" the more difficult planning becomes for the individual.
Friedrich Hayek