Showing posts with label books - The Constitution of Liberty. Show all posts
Showing posts with label books - The Constitution of Liberty. Show all posts

Dec 18, 2019

Friedrich Hayek on attitude and success

It is often contended that the belief that a person is solely responsible for his own fate is held only by the successful. This in itself is not so unacceptable as its underlying suggestion, which is that people hold this belief because they have been successful. I, for one, am inclined to think that the connection is the other way round and that people often are successful because they hold this belief. Though a man’s conviction that all he achieves is due solely to his exertions, skill, and intelligence may be largely false, it is apt to have the most beneficial effects on his energy and circumspection. And if the smug pride of the successful is often intolerable and offensive, the belief that success depends wholly on him is probably the pragmatically most effective incentive to successful action; whereas the more a man indulges in the propensity to blame others or circumstances for his failures, the more disgruntled and ineffective he tends to become.

 ~ Friedrich Hayek, The Constitution of Liberty

Oct 26, 2007

Friedrich Hayek on conservationists vs. progress

Industrial development would have been greatly retarded if sixty or eighty years ago the warning of the conservationists about the threatening exhaustion of the supply of coal had been heeded; and the internal combustion engine would never have revolutionized transport if its use had been limited to the then known supplies of oil (during the first few decades of the era of the automobile and the airplane the known resources of oil at the current rate of use would have been exhausted in ten years). Though it is important that on all these matters the opinion of the experts about the physical facts should be heard, the result in most instances would have been very detrimental if they had had the power to enforce their views on policy.

~ Friedrich Hayek, The Constitution of Liberty (1960), p. 369

The Constitution of Liberty by Friedrich A. Hayek - Used (Very Good) - 0226320847 by University of Chicago Press | Thriftbooks.com