A Quote by Friedrich August von Hayek

In abbreviated form, by a kind of symbol, only the most essential information is passed on and passed on only to those concerned. It is more than a metaphor to describe the price system as a kind of machinery for registering change, or a system of telecommunications which enables individual producers to watch merely the movement of a few pointers, as an engineer might watch the hands of a few dials, in order to adjust their activities to changes of which they may never know more than is reflected in the price movement.

Friedrich August von Hayek

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Activities Adjust Change Changes Concerned Describe Enables Engineer Essential Few Form Hands Individual Information Kind Know Machinery May Merely Metaphor Might More Most Movement Never Only Order Passed Pointers Price Producers Reflected Symbol System Telecommunications Than Those Watch Watch Me Which

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Friedrich August von Hayek
Austrian - Economist
May 8, 1899 - March 23, 1992

No citizen of this nation is worthy of the name unless he bears unswerving loyalty to the system under which he lives, the system that gives him more benefits than any other system yet devised by man. Loyalty leaves room to change the system when need be, but only under the ground rules by which we Americans live.

John A. Hannah

Customers often value a good more when its price goes up. One reason may be its signaling value. An expensive handcrafted mechanical watch may tell time no more accurately than a cheap quartz model; but, because few people can afford one, buying it signals that the owner is rich.

Raghuram Rajan

Ideally there should not be a men's movement but a gender transition movement; only the power of the women's movement necessitates the temporary corrective of a men's movement. And this creates a special challenge for men: There are few political movements filled with healthy people, yet few healthy changes have occurred without political movements.

Warren Farrell

We think of prices as simply the notation of how much we must pay for things. But the price system accomplishes far more than that. Hundreds of millions of people buying and selling, and abstaining from buying and selling, generate a system of signals - prices to producers and consumers about relative scarcities and demand. Through this system, consumers can convey to producers their subjective priorities and entrepreneurs can invest accordingly.

Sheldon Richman

For some years now I have been considering the idea of making a watch that our agents could sell at a more modest price than our Rolex watches, and yet one that could attain the standards of dependability for which Rolex is famous, I decided to form a separate company, with the object of making and marketing this new watch. It is called the Tudor Watch Company.

Hans Wilsdorf

The problem is that, in a world of floating exchange rates, as Italy was before the euro, if one country is subjected to a shock which requires it to cut wages, it cannot do so with a modern kind of control and regulation system. It is much easier to do it by letting the exchange rate change. Only one price has to change, instead of many.

Milton Friedman

A movement that we will to execute is never more than a represented movement, and appears in a different domain from that of the executed movement, which always takes place when the image is vivid enough.

Ernst Mach

love is thicker than forget more thinner than recall more seldom than a wave is wet more frequent than to fail it is most mad and moonly and less it shall unbe than all the sea which only is deeper than the sea love is less always than to win less never than alive less bigger than the least begin less littler than forgive it is most sane and sunly and more it cannot die than all the sky which only is higher than the sky

e. e. cummings

When you're in a very specific kind of wardrobe, it kind of dictates your movement; it also kind of enables you - or, I guess, disables you - from certain kinds of movement.

Sarah Gadon

We have more information - a glut of information - than ever before, and perhaps less knowledge. That's what's peculiar. And the only way you can deal with it, I suppose, is to make fun of it. I would rather watch Comedy Central for the news than I'd like to watch any other program on television. Maybe that shows you the state of affairs.

Errol Morris

Few white citizens are acquainted with blacks other than those projected by the media and the so--called educational system, whichis nothing more than a system of rewards and punishments based upon one's ability to pledge loyalty oaths to Anglo culture. The media and the "educational system" are the prime sources of racism in the United States.

Ishmael Reed

Our only political party has two right wings, one called Republican, the other Democratic. But Henry Adams figured all that out back in the 1890s. "We have a single system," he wrote, and "in that system the only question is the price at which the proletariat is to be bought and sold, the bread and circuses."

Gore Vidal

In less than a century we experienced great movement. The youth movement! The labor movement! The civil rights movement! The peace movement! The solidarity movement! The women's movement! The disability movement! The disarmament movement! The gay rights movement! The environmental movement! Movement! Transformation! Is there any reason to believe we are done?

Holly Near

Few policies are more calculated to destroy the existing basis of a free society than the debauching of its currency. And few tasks, if any, are more important to the champion of freedom than creation of a sound monetary system.

Hans F. Sennholz

We have more experience of movement and more capacity for it than of feeling and thought... We know much more about movement than we do about anger, love, envy or even thought. It is relatively easy to learn to recognize the quality of movement than the quality of other factors.

Moshe Feldenkrais

People always get what they want. But there is a price for everything. Failures are either those who do not know what they want or are not prepared to pay the price asked them. The price varies from individual to individual. Some get things at bargain-sale prices, others only at famine prices. But it is no use grumbling. Whatever price you are asked, you must pay.

W. H. Auden

A Quote by Friedrich August von Hayek

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