Friedrich August von Hayek Quotes About Property

Quotes about: Property

• What our generation has forgotten is that the system of private property is the most important guarantee of freedom, not only for those who own property, but scarcely less for those who do not. It is only because the control of the means of production is divided among many people acting independently that nobody has complete power over us, that we as individuals can decide what to do with ourselves.

  Friedrich August von Hayek

  Mean, Our Generation, People

  "The Road to Serfdom". Book by Friedrich Hayek, Ch. 7 : Economic Control and Totalitarianism, 1940 - 1943.

• The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those who do not.

  Friedrich August von Hayek

  Important, Liberty, Libertarian

• It is also true that the less possible it becomes for a man to acquire a new fortune, the more must the existing fortunes appear as privileges for which there is no justification. Policy is then certain to aim at taking these fortunes out of private hands, either by the slow process of heavy taxation of inheritance or by the quicker one of outright confiscation. A system based on private property and control of the means of production presupposes that such property and control can be acquired by any successful man.

  Friedrich August von Hayek

  Mean, Successful, Men

• If the resources of different nations are treated as exclusive properties of these nations as wholes, if international economic relations, instead of being relations between individuals, become increasingly relations between whole nations organized as trading bodies, they inevitably become the source of friction and envy between whole nations.

  Friedrich August von Hayek

  Envy, Different, Body

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

• The social sciences, like much of biology but unlike most fields of the physical sciences, have to deal with structures of essential complexity, i.e. with structures whose characteristic properties can be exhibited only by models made up of relatively large numbers of variables.

  Friedrich August von Hayek

  Numbers, Essentials, Variables

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