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"We know: of course, with regard to the market and similar social structures, a great many facts which we cannot measure and on which indeed we have only some very imprecise and general information."
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"The fact that an opinion has been widely held is no evidence whatever that it is not utterly absurd."

"The animal is ignorant of the fact that he knows. The man is aware of the fact that he is ignorant."

"He reproduced himself with so much humble objectivity, with the unquestioning, matter of fact interest of a dog who sees himself in a mirror and thinks: there's another dog."

"I never knew a more presumptuous person than myself. The fact that I say that shows that what I say is true."
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"Almost any biographer, if he respects facts, can give us much more than another fact to add to our collection. He can give us the creative fact; the fertile fact; the fact that suggests and engenders."

"Space is almost infinite. As a matter of fact, we think it is infinite."

"Whoever wishes to keep a secret must hide the fact that he possesses one."

"Theory helps us to bear our ignorance of facts."
Explore more quotes by Friedrich August von Hayek

"Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freedom."

"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."

"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."

"If we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion."

"It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only those individuals know."

"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."

"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."

"To act on the belief that we possess the knowledge and the power which enable us to shape the processes of society entirely to our liking, knowledge which in fact we do not possess, is likely to make us do much harm."

"We have indeed at the moment little cause for pride: as a profession we have made a mess of things."
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