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Happy Birthday Hayek

Wikipedia

Wikipedia

Today marks the 114th birthday of the great economist and political philosopher, Friedrich Hayek — author of such works as The Use of Knowledge in Society, The Road to Serfdom, and Law, Legislation, and Liberty. Hayek is easily the strongest intellectual influence on my own political philosohpy and my embrace of classical liberalism, and in honor of his birthday, I leave you with a couple of quotes from my favorite book of his, The Constitution of Liberty:

“If one objects to the use of coercion in order to bring about a more even or more just distribution, this does not mean that one does not regard these as desirable. But if we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion.”

“The case for individual freedom rests chiefly on the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievement of our ends and welfare depend. It is because every individual knows so little and, in particular, because we rarely know which of us knows best that we trust the independent and competitive efforts of many to induce the emergence of what we shall want when we see it.”

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