Quote by: Friedrich Hayek

The disdain of profit is due to ignorance, and to an attitude that we may if we wish admire in the ascetic who has chosen to be content with a small share of the riches of this world, but which, when actualised in the form of restrictions on profits of others, is selfish to the extent that it imposes asceticism, and indeed deprivations of all sorts, on others.


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Author Bio


  • NameFriedrich Hayek
  • DescriptionBritish economist and Nobel Prize for Economics laureate
  • AliasesFriedrich August von Hayek
  • BornMay 8, 1899
  • DiedMarch 23, 1992
  • CountryAustria
  • ProfessionEconomist; Philosopher; Historian; Political Scientist
  • AwardsGuggenheim Fellowship; Order Of Merit Of Baden-Württemberg; Ring Of Honour Of The City Wien; Presidential Medal Of Freedom; Order Of Merit For Arts And Science; Hanns Martin Schleyer Prize