No human mind can comprehend all the knowledge which guides the actions of society. — Friedrich August von Hayek Copy Share Image
Human reason can neither predict nor deliberately shape its own future. Its advances consist in finding out where it has been wrong. — Friedrich August von Hayek Copy Share Image
To act on the belief that we possess the knowledge and the power which enable us to shape the processes of society… — Friedrich August von Hayek Copy Share Image
This is the constitutional limitation of man's knowledge and interests, the fact that he cannot know more than a tiny part of… — Friedrich August von Hayek Copy Share Image
Civilization enables us constantly to profit from knowledge which we individually do not possess and because each individual's use of his particular… — Friedrich August von Hayek Copy Share Image
All political theories assume, of course, that most individuals are very ignorant. Those who plead for liberty differ from the rest in… — Friedrich August von Hayek Copy Share Image
Ever since the beginning of modern science, the best minds have recognized that "the range of acknowledged ignorance will grow with the… — Friedrich August von Hayek Copy Share Image
Each member of society can have only a small fraction of the knowledge possessed by all, and...each is therefore ignorant of most… — Friedrich August von Hayek Copy Share Image
The Socratic maxim that the recognition of our ignorance is the beginning of wisdom has profound significance for our understanding of society.… — Friedrich August von Hayek Copy Share Image
The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those… — Friedrich August von Hayek Copy Share Image
By the time any view becomes a majority view, it is no longer the best view: somebody will already have advanced beyond the point… — Friedrich August von Hayek Copy Share Image
Freedom can be preserved only if it is treated as a supreme principle which must not be sacrificed for particular advantages. — Friedrich August von Hayek Copy Share Image
Should our moral beliefs really prove to be dependent on factual assumptions shown to be incorrect, it would be hardly moral to defend them… — Friedrich August von Hayek Copy Share Image
It is true that the virtues which are less esteemed and practiced now--independence, self-reliance, and the willingness to bear risks, the readiness to back… — Friedrich August von Hayek Copy Share Image
Unlike the rationalism of the French Revolution, true liberalism has no quarrel with religion, and I can only deplore the militant and essentially illiberal… — Friedrich August von Hayek Copy Share Image
We must make the building of a free society once more an intellectual adventure, a deed of courage.... Unless we can make the philosophic… — Friedrich August von Hayek Copy Share Image
The central problem of management is how spontaneous interaction of people within a firm, each possessing only bits of knowledge, can bring about the… — Friedrich August von Hayek Copy Share Image
The discussions of every age are filled with the issues on which its leading schools of thought differ. But the general intellectual atmosphere of… — Friedrich August von Hayek Copy Share Image
The Nobel Prize confers on an individual an authority which in economics no man ought to possess. — Friedrich August von Hayek Copy Share Image
[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most… — Friedrich August von Hayek Copy Share Image
It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends… — Friedrich August von Hayek Copy Share Image
![“[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most power-hungry and unscrupulous.” quote by Friedrich August von Hayek](https://sms4smile.com/quotes/img-quotes/e34/friedrich-august-von-hayek-141_building_socialistic-economic-planning-regulation_162331.jpg)
