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"We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium."
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"Belonging to the working class is the economy's punishment for those who did what they were told to do in class."
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Explore more quotes by 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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"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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