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Friedrich August von Hayek Quotes About Laying Down

We have collected for you the TOP of Friedrich August von Hayek's best quotes about Laying Down! Here are collected all the quotes about Laying Down starting from the birthday of the Economist – May 8, 1899! We hope you will be inspired to new achievements with our constantly updated collection of quotes. At the moment, this page contains 1 sayings of Friedrich August von Hayek about Laying Down. We will be happy if you share our collection of quotes with your friends on social networks!

  • A general flat minimum-wage law for all industry is permissible, but I do not think that it is a particularly wise method of achieving the end. I know much better methods of providing a minimum for everybody. But once you turn from laying down a general minimum for all industry to decreeing particular and different minimum for different industries, then, of course, you make the price mechanism inoperative, because it is no longer the price mechanism which will guide people between industries and trades.

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Friedrich August von Hayek

  • Born: May 8, 1899
  • Died: March 23, 1992
  • Occupation: Economist
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