Maxioms by F.a. Hayek
Human reason can neither predict nor deliberately shape its own future. Its advances consist in finding out where it has read more
Human reason can neither predict nor deliberately shape its own future. Its advances consist in finding out where it has been wrong.
This is the constitutional limitation of man's knowledge and interests, the fact that he cannot know more than a tiny read more
This is the constitutional limitation of man's knowledge and interests, the fact that he cannot know more than a tiny part of the whole of society and that therefore all that can enter into his motives are the immediate effects which his actions will have in the sphere he knows.
Liberty is an opportunity for doing good, but this is only so when it is also an opportunity for doing read more
Liberty is an opportunity for doing good, but this is only so when it is also an opportunity for doing wrong.
The conception that government should be guided by majority opinion makes sense only if that opinion is independent of government. read more
The conception that government should be guided by majority opinion makes sense only if that opinion is independent of government. The ideal of democracy rests on the belief that the view which will direct government emerges from an independent and spontaneous process. It requires, therefore, the existence of a large sphere independent of majority control in which the opinions of the individuals are formed.
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.
