We shall not grow wiser before we learn that much that we have done was very foolish.The Road to Serfdom, p. 80, 1944
Author · 3 quotes
Friedrich August von Hayek was an Austrian economist and political philosopher, best known for his defense of classical liberalism and free-market capitalism. He gained prominence for his work in economic theory, particularly his critique of central planning and his contributions to the concept of spontaneous order. Hayek was awarded the Nobel Memorial Prize in Economic Sciences in 1974 for his pioneering work on business cycles and market theory.
1899–1992·lived 92 years
We shall not grow wiser before we learn that much that we have done was very foolish.The Road to Serfdom, p. 80, 1944
We shall not prevent the gradual advance of totalitarian control if we do not succeed in defeating the philosophy which produces it.
The modern specialist is very frequently not an educated person—he knows only his particular field.
That’s all 3 quotes by Friedrich August von Hayek.