“At the heart of capitalism is the unification of knowledge and power. As Friedrich Hayek, the leader of the Austrian school of economics, put it, "To assume all the knowledge to be given to a single mind... is to disregard everything that is important and significant in the real world." Because knowledge is dispersed, power must be as well.” WorldMindWellsHeartImportantRealSchoolGivenLeaderCapitalismEconomicsAssumingSignificantReal WorldDisregardUnificationHayekKnowledge And PowerFriedrich Hayek Book:Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World Source: Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World
“I wasn't actually very naturally good at economics. My brain doesn't work very well, in terms of mathematics.” WellsTermBrainEconomicsMathematics Author:Brit Marling
“There are many well-meaning people today who work at placing an economic floor beneath all of us so that no one shall exist below a certain level or standard of living, and certainly we don't quarrel with this. But look more closely and you may find that all too often these well-meaning people are building a ceiling above which no one shall be permitted to climb and between the two are pressing us all into conformity, into a mold of standardized mediocrity.” PeopleWellsLooksMayTwoTodayCertainLevelsEconomicBuildingStandardsEconomicsOppressionClimbsConformityMediocrityQuarrelsMoldCeilingsStandards Of Living Author:Ronald Reagan