There can be no wealth in the absence of a true moral order. Under the guidance of the appropriate animating spirit, privation can be made a distant memory.
“The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.”
― Is Reality Optional? And Other Essays
― Is Reality Optional? And Other Essays
“I have been contending that socialism constitutes a threat to the present and future welfare of the human race, in the sense that neither socialism nor any other known substitute for the market order could sustain the current population of the world.”
― The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1)
― The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1)
Patrick’s 2025 Year in Books
Take a look at Patrick’s Year in Books, including some fun facts about their reading.
More friends…
Favorite Genres
Polls voted on by Patrick
Lists liked by Patrick






































