Competition is like experimentation in science, a discovery process, and it must rely on the self interest of producers, it must allow them to use their knowledge for their purposes, because nobody else possesses the information

In no other field has the world yet paid so dearly for the abandonment of nineteenth-century liberalism as in the field where the retreat began: in international relations. Yet only a small part of the lesson which experience ought to have taught us has been learned.

The state itself becomes more and more identified with the interests of those who run things than with the interests of the people in general.

Hayek was making us think of the productive process as a process in time, inputs coming before outputs.

Our faith in freedom does not rest on the foreseeable results in particular circumstances, but on the belief that it will, on balance, release more forces for the good than for the bad ... Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom.

... that order generated without design can far outstrip plans men consciously contrive

Personally I prefer a liberal dictator to democratic government lacking liberalism.