"Why should we, however, in economics, have to……" — Friedrich August von Hayek
"Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a physical theory, a scientist would certainly be expected to give precise information?"
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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…
See all 136 quotes by Friedrich August von Hayek »
More Case Quotes
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Pride in the case of a rich man is bad, but pride in the case of a poor man is…
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It is certain, in any case, that ignorance, allied with power, is the most ferocious enemy justice can have.
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The right of a nation to kill a tyrant in case of necessity can no more be doubted than to…
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Almost all my middle-aged and elderly acquaintances, including me, feel about 25, unless we haven't had our coffee, in which…
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