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Friedrich August von Hayek

"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."

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"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."

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Explore more quotes by Friedrich August von Hayek

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Friedrich August von Hayek
"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."
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Friedrich August von Hayek
"We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice."
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Friedrich August von Hayek
"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."
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Friedrich August von Hayek
"The mind cannot foresee its own advance."
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Friedrich August von Hayek
"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."
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Friedrich August von Hayek
"This means that to entrust to science - or to deliberate control according to scientific principles - more than scientific method can achieve may have deplorable effects."
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Friedrich August von Hayek
"'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded."
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Friedrich August von Hayek
"Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a physical theory, a scientist would certainly be expected to give precise information?"
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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."
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Friedrich August von Hayek
"We have indeed at the moment little cause for pride: as a profession we have made a mess of things."
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