Home / Quotes / Quote by Friedrich August von Hayek

Quote 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.”

Quote by Friedrich August von Hayek

Author

Friedrich August von Hayek

Friedrich August von Hayek, born on May 8, 1899, in Austria, and died on March 23, 1992, in the United Kingdom, was one of the most distinguished economists of the 20th century. He is renowned for his profound insights into the free market economy and his critical views on socialism. more

You May Also Like

“The progress of the natural sciences in modern times has of course so much exceeded all expectations that any suggestion that there may be some limits to it is bound to arouse suspicion.”

May Courses Natural Progress Modern Limits Expectations Bounds Suspicion Suggestions Natural Science Modern Times

Author: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.”

May Mean Principles Economy Achieve Effects Method Deliberate Scientific Method

Author:Friedrich August von Hayek

“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.”

People Ifs Economy Willing Capacity Difficulty Assuming Convinced Settling Road To Serfdom

Author:Friedrich August von Hayek

“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.”

Ifs Knows Economy Conditions Particular Wages Equilibrium

Author:Friedrich August von Hayek

“The words of a dead man are modified in the guts of the living.”

Men Death Dying Guts Death And Dying Dead Man Dying Death Gmos

Book:Canción de cuna y otros poemas

Source: Canción de cuna y otros poemas

“We know: of course, with regard to the market and similar social structures, a great many facts which we cannot measure and on which indeed we have only some very imprecise and general information.”

Knows Facts Courses Social Information Regard Structure Social Structure

Author: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.”

World Real Facts Causes Economy Events Demand Limits Real World Denied

Author:Friedrich August von Hayek

“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.”

May Shows Simple Economy Theory Standards Consequence Gains Credit Graves Instance Conformity

Author: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?”

Giving Should Facts Cases Information Ignorance Theory Economics Scientist Expected Precise

Author:Friedrich August von Hayek

“I keep waiting to meet a man who has more balls than I do.”

Men Waiting Balls

Author:Salma Hayek