Socialist ‘economics’

Source: Friedrich August von Hayek

If socialists understood economics they wouldn’t be socialists.

Author(s):

Friedrich August von Hayek

Topic(s):

economics socialism

Pithy sayings and brilliant observations.

Quotes by author
Quotes by topic
Search

“Perhaps the sentiments contained in the following pages, are not yet sufficiently fashionable to procure them general favor; a long habit of not thinking a thing wrong, gives it a superficial appearance of being right, and raises at first a formidable outcry in defense of custom. But the tumult soon subsides.” — Thomas Paine

“There can be no public or private virtue unless the foundation of action is the practice of truth.” — George Jacob Holyoake