Maxioms by F.a. Hayek
Humiliating to human pride as it may be, we must recognize that the advance and even the preservation of civilization read more
Humiliating to human pride as it may be, we must recognize that the advance and even the preservation of civilization are dependent upon a maximum of opportunity for accidents to happen.
What a free society offers to the individual is much more than what he would be able to do if read more
What a free society offers to the individual is much more than what he would be able to do if only he were free.
The mind cannot foresee its own advance.
The mind cannot foresee its own advance.
...the case for individual freedom rests largely on the recognition of the inevitable and universal ignorance of all of us read more
...the case for individual freedom rests largely on the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievements of our ends and welfare depend.
Every change in conditions will make necessary some change in the use of resources, in the direction and kind of read more
Every change in conditions will make necessary some change in the use of resources, in the direction and kind of human activities, in habits and practices. And each change in the actions of those affected in the first instance will require further adjustments that will gradually extend through the whole of society. Every change thus in a sense creates a "problem" for society, even though no single individual perceives it as such; it is gradually "solved" by the establishment of a new overall adjustment.
