Hayek wrote an essay, "Why I Am Not a Conservative" (included as an appendix to The Constitution of Liberty), in which he disparaged conservatism for its inability to adapt to changing human realities or to offer a positive political program, remarking, "Conservatism is only as good as what it conserves." Although he noted that modern day conservatism shares many opinions on economics with classical liberals, particularly a belief in the free market, he believed it's because conservatism wants to "stand still," whereas liberalism embraces the free market because it "wants to go somewhere.
What was Hayek's statement regarding conservatism?
"Conservatism is only as good as what it conserves."