Friedrich Hayek

Friedrich Hayek

Austrian economist
The social sciences, like much of biology but unlike most fields of the physical sciences, have to deal with structures of essential complexity, i.e. with structures whose characteristic properties can be exhibited only by models made up of relatively large numbers of variables.More Friedrich Hayek quotes [03/29/2018 05:03:36]
It is neither necessary nor desirable that national boundaries should mark sharp differences in standards of living, that membership of a national group should entitle to a share in a cake altogether different from that in which members of other groups share.More Friedrich Hayek quotes [03/29/2018 05:03:36]
It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only those individuals know.More Friedrich Hayek quotes [08/14/2011 01:08:49]
The Socratic maxim that the recognition of our ignorance is the beginning of wisdom has profound significance for our understanding of society. Most of the advantages of social life, especially in the more advanced forms that we call "civilization" rest on the fact that the individual benefits from more knowledge than he is aware of. It might be said that civilization begins when the individual in the pursuit of his ends can make use of more knowledge than he has himself acquired and when he can transcend the boundarieMore Friedrich Hayek quotes [03/29/2018 05:03:36]
And it's a necessity [for journalists] to pretend to be competent on every subject, some of which they really do not understand. They are under that necessity, I regret; I'm sorry for them. But to pretend to understand all the things you write about, and habitually to write about things you do not understand, is a very corrupting thing.More Friedrich Hayek quotes [03/29/2018 05:03:36]

Quotes of the month

Georges Elgozy A part of any administrative machine does not serve absolutely anything - it is beauty in its purest form. [07/31/2020 10:07:32] More


Author Unknown One who has left the people cannot be lured back. [07/26/2020 10:07:53] More


Pavel Astahov Problems need to be addressed as they arise. [07/24/2020 08:07:33] More


Victoria Bonya Only a man can give a gift and pick it up from a woman. A woman will never take what she has presented to a man in her life. [07/20/2020 11:07:18] More


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