Friedrich August Von Hayek

I have arrived at the conviction that the neglect by economists to discuss seriously what is really the crucial problem read more

I have arrived at the conviction that the neglect by economists to discuss seriously what is really the crucial problem of our time is due to a certain timidity about soiling their hands by going from purely scientific questions into value questions.

A claim for equality of material position can be met only by a government with totalitarian powers.

A claim for equality of material position can be met only by a government with totalitarian powers.

It can hardly be denied that such a demand quite arbitrarily limits the facts which are to be admitted as read more

It can hardly be denied that such a demand quite arbitrarily limits the facts which are to be admitted as possible causes of the events which occur in the real world.

I regard it in fact as the great advantage of the mathematical technique that it allows us to describe, by read more

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.

Intellects whose desires have outstripped their understanding.

Intellects whose desires have outstripped their understanding.