It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide.
More Quotes from Friedrich August von Hayek:
Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - an authoritarian determination of the status of each individual in the new hierarchical order.Friedrich August von Hayek
This means that to entrust to science - or to deliberate control according to scientific principles - more than scientific method can achieve may have deplorable effects.
Friedrich August von Hayek
Yet, as I am anxious to repeat, we will still achieve predictions which can be falsified and which therefore are of empirical significance.
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
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
We shall not grow wiser before we learn that much that we have done was very foolish.
Friedrich August von Hayek
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Based on Topics: Academic QuotesBased on Keywords: economics, pretense, socialists
In what way can a revelation be made but by miracles? In none which we are able to conceive.
William S. Paley
The fact that The Bridge contains folk lore and other material suitable to the epic form need not therefore prove its failure as a long lyric poem, with interrelated sections.
Hart Crane
He is a drunkard who takes more than three glasses though he be not drunk.
Epictetus