"It is because every individual knows little and,……" — Friedrich August von Hayek
"It is because every individual knows little and, in particular, because we rarely know which of us knows best best that we trust the independent and competitive efforts of many to induce the emergence of what we shall want when we see it."
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Friedrich August von Hayek
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136 Quotes by Friedrich August von Hayek
Friedrich August von Hayek has 136 quotes on this site.
A few more worth reading:
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With the exception only of the period of the gold standard, practically all governments of history have used their exclusive…
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'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.
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The mind cannot foresee its own advance.
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...the case for individual freedom rests largely on the recognition of the inevitable and universal ignorance of all of us…
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All political theories assume, of course, that most individuals are very ignorant. Those who plead for liberty differ from the…
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The system of private property is the most important guaranty of freedom, not only for those who own property, but…
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The ultimate decision about what is accepted as right and wrong will be made not by individual human wisdom but…
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Justice, like liberty and coercion, is a concept which, for the sake of clarity, ought to be confined to the…
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What a free society offers to the individual is much more than what he would be able to do if…
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Human envy is certainly not one of the sources of discontent that a free society can eliminate. It is probably…
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Capitalism is not only a better form of organizing human activity than any deliberate design, any attempt to organize it…
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The principle that the end justifies the means is in individualist ethics regarded as the denial of all morals. In…
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At his best, man is the noblest of all animals; separated from law and justice he is the worst.
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