The progress of the natural sciences in modern times has of course so much exceeded all expectations that any suggestion that there… — Friedrich August von Hayek Copy Share Image
Unlike the position that exists in the physical sciences, in economics and other disciplines that deal with essentially complex phenomena, the aspects… — Friedrich August von Hayek Copy Share Image
The credit which the apparent conformity with recognized scientific standards can gain for seemingly simple but false theories may, as the present… — Friedrich August von Hayek Copy Share Image
Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a… — Friedrich August von Hayek Copy Share Image
The chief point we must remember is that the great and rapid advance of the physical sciences took place in fields where… — Friedrich August von Hayek Copy Share Image
Competition is like experimentation in science, a discovery process, and it must rely on the self interest of producers, it must allow… — Friedrich August von Hayek Copy Share Image
The social sciences, like much of biology but unlike most fields of the physical sciences, have to deal with structures of essential… — Friedrich August von Hayek Copy Share Image
I have arrived at the conviction that the neglect by economists to discuss seriously what is really the crucial problem of our… — 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
The confidence in the unlimited power of science is only too often based on a false belief that the scientific method consists… — Friedrich August von Hayek Copy Share Image
If I am not mistaken, psychology, psychiatry and some branches of sociology, not to speak about the so-called philosophy of history, are… — Friedrich August von Hayek Copy Share Image
This means that to entrust to science - or to deliberate control according to scientific principles - more than scientific method can… — Friedrich August von Hayek Copy Share Image
It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are… — 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 one's own conviction against a majority, and the willingness to voluntary cooperation with one's neighbors--are essentially those on which the of an individualist society rests. Collectivism has nothing to put in their place, and in so… — Friedrich August von Hayek Copy Share
Unlike the rationalism of the French Revolution, true liberalism has no quarrel with religion, and I can only deplore the militant and essentially illiberal antireligionism which animated so much of nineteenth-century Continental liberalism. ... What distinguishes the liberal from the conservative here is that, however profound his own spiritual beliefs, he will never regard himself as entitled to impose them… — Friedrich August von Hayek Copy Share
We must make the building of a free society once more an intellectual adventure, a deed of courage… Unless we can make the philosophic foundations of a free society once more a living intellectual issue, and its implementation a task which challenges the ingenuity and imagination of our liveliest minds, the prospects of freedom are indeed dark. But if we… — Friedrich August von Hayek Copy Share
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)
