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Friedrich August von Hayek Quotes: 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?
         

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
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Other quotes of Friedrich August von Hayek


The idea of social justice is that the state should treat different people unequally in order to make them equal.

The idea of social justice is that the state should treat different people unequally in order to make them equal.



If socialists understood economics, they wouldn't be socialist.

If socialists understood economics, they wouldn't be socialist.



There is all the difference in the world between treating people equally and attempting to make them equal.

There is all the difference in the world between treating people equally and attempting to make them equal.



'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.

'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.



The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.



[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most power-hungry and unscrupulous.

[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most power-hungry and unscrupulous.



In government, the scum rises to the top.

In government, the scum rises to the top.



Social justice rests on the hate towards those that enjoy a comfortable position, namely, upon envy.

Social justice rests on the hate towards those that enjoy a comfortable position, namely, upon envy.



The more the state "plans" the more difficult planning becomes for the individual.

The more the state "plans" the more difficult planning becomes for the individual.



It is indeed probable that more harm and misery have been caused by men determined to use coercion to stamp out a moral evil than by men intent on doing evil.

It is indeed probable that more harm and misery have been caused by men determined to use coercion to stamp out a moral evil than by men intent on doing evil.





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Cruelty is a language that the blind can see, the deaf can hear, and the heart feels forever.

Cruelty is a language that the blind can see, the deaf can hear, and the heart feels forever.



There is only one way to happiness and that is to cease worrying about things which are beyond the power of our will.

There is only one way to happiness and that is to cease worrying about things which are beyond the power of our will.



It's not by amusing oneself that one learns.

It's not by amusing oneself that one learns.



Stress is like fire: When controlled and used for a purpose, it serves us well. Left unbridled, it can consume us.

Stress is like fire: When controlled and used for a purpose, it serves us well. Left unbridled, it can consume us.



As far as pleasures, you've got to have limits. You shouldn't have too much of good things, so you'll always have a desire for more and you won't get bored.

As far as pleasures, you've got to have limits. You shouldn't have too much of good things, so you'll always have a desire for more and you won't get bored.



I grew up in a household of girls, so I would just pick up naturally what everyone else was doing.

I grew up in a household of girls, so I would just pick up naturally what everyone else was doing.



A strange thing — nails will hold a building together, but there's nothing better for taking a man apart.

A strange thing — nails will hold a building together, but there's nothing better for taking a man apart.



She was just another notch on my guitar.

She was just another notch on my guitar.



Silence is deeply important in all of our lives.

Silence is deeply important in all of our lives.



Everybody's got their own particular vision which is a personal thing.

Everybody's got their own particular vision which is a personal thing.




Quote Description


This page presents the quote "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?". Author of this quote is Friedrich August von Hayek. This quote is about scientist, precise, facts, ignorance, economics, theory, expected, giving, information,.