0 ratings (0.0 avg)
0 reviews

Janet Vinnenberg

Add friend

Janet’s Bookshelves

to-read‎ (0)

currently-reading‎ (0)

read‎ (0)

Stats | More…

“Our freedom of choice in a competitive society rests on the fact that, if one person refuses to satisfy our wishes, we can turn to another. But if we face a monopolist we are at his absolute mercy. And an authority directing the whole economic system of the country would be the most powerful monopolist conceivable…it would have complete power to decide what we are to be given and on what terms. It would not only decide what commodities and services were to be available and in what quantities; it would be able to direct their distributions between persons to any degree it liked.”
― Friedrich August von Hayek, The Road to Serfdom

65 likes

“It is true that the virtues which are less esteemed and practiced now--independence, self-reliance, and the willingness to bear risks, the readiness to back one's own conviction against a majority, and the willingness to voluntary cooperation with one's neighbors--are essentially those on which an individualist society rests. Collectivism has nothing to put in their place, and in so far as it already has destroyed then it has left a void filled by nothing but the demand for obedience and the compulsion of the individual to what is collectively decided to be good.”
― Friedrich August von Hayek, The Road to Serfdom

63 likes

“Only if we understand why and how certain kinds of economic controls tend to paralyze the driving forces of a free society, and which kinds of measures are particularly dangerous in this respect, can we hope that social experimentation will not lead us into situations none of us want.”
― Friedrich Hayek, The Road to Serfdom

4 likes

“To act on behalf of a group seems to free people of many of the moral restraints which control their behaviour as individuals within the group.”
― Friedrich Hayek, The Road to Serfdom

34 likes

“Freedom to order our own conduct in the sphere where material circumstances force a choice upon us, and responsibility for the arrangement of our own life according to our own conscience, is the air in which alone moral sense grows and in which moral values are daily recreated in the free decision of the individual. Responsibility, not to a superior, but to one's own conscience, the awareness of a duty not exacted by compulsion, the necessity to decide which of the things one values are to be sacrificed to others, and to bear the consequences of one's own decision, are the very essence of any morals which deserve the name.”
― Friedrich August von Hayek, The Road to Serfdom

32 likes

More of Janet’s quotes…