We shall not grow wiser before we learn that much that we have done was very foolish.
More Quotes from Friedrich August von Hayek:
I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.Friedrich August von Hayek
There is, in a competitive society, nobody who can exercise even a fraction of the power which a socialist planning board would possess.
Friedrich August von Hayek
Intellects whose desires have outstripped their understanding.
Friedrich August von Hayek
We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice.
Friedrich August von Hayek
I regard it in fact as the great advantage of the mathematical technique that it allows us to describe, by means of algebraic equations, the general character of a pattern even where we are ignorant of the numerical values which will determine its particular manifestation.
Friedrich August von Hayek
We have indeed at the moment little cause for pride: as a profession we have made a mess of things.
Friedrich August von Hayek
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