Tag: Friedrich Hayek

Happy Birthday! 7 Great Quotes from Friedrich Hayek


Friedrick-HayekYesterday, May 8, marked the 117th birthday of the great economist and philosopher Friedrich Hayek, who died in 1992. That’s as good a reason as any to offer up some of his wisdom:

1) “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” – The Fatal Conceit

2) “To act on the belief that we possess the knowledge and the power which enable us to shape the processes of society entirely to our liking, knowledge which in fact we do not possess, is likely to make us do much harm.” – The Pretence of Knowledge

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I will end my attempt to correct an annoying new mistake concerning thinking about decent politics & terror. I have argued that this is inadequate theoretically & a liberal prejudice practically. Finally, I have some remarks on how Americans can understand what’s at stake & how the non-American additions to American government in the age […]

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