If socialists understood economics, they wouldn't be socialists.

Friedrich Hayek

Economists

Friedrich Hayek

Born in Vienna in 1899, Hayek was the leading Austrian School economist and foremost defender of liberty. The Road to Serfdom (1944) warned that central planning leads to tyranny. Nobel laureate 1974.

View this figure's profile

Unverified

Friedrich Hayek's Other Quotes

Related Quotes