Friedrich August von Hayek Quotes About Decisions

Quotes about: Decisions

• Our submission to general principles is necessary because we cannot be guided in our practical action by full knowledge and evaluation of the consequences. So long as men are not omniscient, the only way in which freedom can be given to the individual is by such general rules to delimit the sphere in which the decision is his. There can be no freedom if the government is not limited to particular kinds of action but can use its powers in any ways which serve particular ends.

  Friedrich August von Hayek

  Freedom, Men, Long

• I am convinced that if the market system were the result of deliberate human design, and if the people guided by the price changes understood that their decisions have significance far beyond their immediate aims, this mechanism would have been acclaimed as one of the greatest triumphs of the human mind.

  Friedrich August von Hayek

  People, Design, Decision

• The advantage of a free market is that it allows millions of decision-makers to respond individually to freely determined prices, allocating resources - labor, capital and human ingenuity - in a manner that can't be mimicked by a central plan, however brilliant the central planner.

  Friedrich August von Hayek

  Decision, Brilliant, Determined

• The ultimate decision about what is accepted as right and wrong will be made not by individual human wisdom but by the disappearance of the groups that have adhered to the "wrong" beliefs.

  Friedrich August von Hayek

  Faith, Thinking, Government

• Least of all shall we preserve democracy or foster its growth if all the power and most of the important decisions rest with an organization far too big for the common man to survey or comprehend.

  Friedrich August von Hayek

  Men, Organization, Decision

  "The Road to Serfdom". Book by Friedrich Hayek, Ch. 15 : The Prospects of International Order, 1940 - 1943.

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