Friedrich August Von Hayek

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.

He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes read more

He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants.

Intellects whose desires have outstripped their understanding.

Intellects whose desires have outstripped their understanding.

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.

Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - read more

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.