We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice. Friedrich August von Hayek distributivefacefact Change image and share on social
The credit which the apparent conformity with recognized scientific standards can gain for seemingly simple but false theories may, as the present instance shows, have grave consequences. Friedrich August von Hayek apparentconformityconsequence Change image and share on social
Our moral traditions developed concurrently with our reason, not as its product. Friedrich August von Hayek concurrentlydevelopmoral Change image and share on social
If most people are not willing to see the difficulty, this is mainly because, consciously or unconsciously, they assume that it will be they who will settle these questions for the others, and because they are convinced of their own capacity to do this. Friedrich August von Hayek assumecapacityconsciously share on social
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. Friedrich August von Hayek endimportanceindividual Change image and share on social
Intellects whose desires have outstripped their understanding. Friedrich August von Hayek desireintellectoutstrip Change image and share on social
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? Friedrich August von Hayek caseeconomicsexpect Change image and share on social
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. Friedrich August von Hayek curiousdemonstratedesign Change image and share on social
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. Friedrich August von Hayek achievecraftsmancultivate share on social
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. Friedrich August von Hayek bringcallcondition share on social
