The Nobel Prize confers on an individual an authority which in economics no man ought to possess.
Friedrich August von HayekTo undertake the direction of the economic life of people with widely divergent ideals and values is to assume responsibilities which commit one to the use of force; it is to assume a position where the best intentions cannot prevent one from being forced to act in a way which to some of those affected must appear highly immoral. This is true even if we assume the dominant power to be as idealistic and unselfish as we can possibly conceive. But how small is the likelihood that it will be unselfish, and how great are the temptations!
Friedrich August von HayekIt can hardly be denied that such a demand quite arbitrarily limits the facts which are to be admitted as possible causes of the events which occur in the real world.
Friedrich August von HayekThe chief evil is unlimited government, and nobody is qualified to wield unlimited power.
Friedrich August von Hayek