F.a. Hayek

Every change in conditions will make necessary some change in the use of resources, in the direction and kind of read more

Every change in conditions will make necessary some change in the use of resources, in the direction and kind of human activities, in habits and practices. And each change in the actions of those affected in the first instance will require further adjustments that will gradually extend through the whole of society. Every change thus in a sense creates a "problem" for society, even though no single individual perceives it as such; it is gradually "solved" by the establishment of a new overall adjustment.

From the saintly and single-minded idealist to the fanatic is often but a step.

From the saintly and single-minded idealist to the fanatic is often but a step.

Compared with the totality of knowledge which is continually utilized in the evolution of a dynamic civilization, the difference between read more

Compared with the totality of knowledge which is continually utilized in the evolution of a dynamic civilization, the difference between the knowledge that the wisest and that which the most ignorant individual can deliberately employ is comparatively insignificant.

...the case for individual freedom rests largely on the recognition of the inevitable and universal ignorance of all of us read more

...the case for individual freedom rests largely on the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievements of our ends and welfare depend.

This is the constitutional limitation of man's knowledge and interests, the fact that he cannot know more than a tiny read more

This is the constitutional limitation of man's knowledge and interests, the fact that he cannot know more than a tiny part of the whole of society and that therefore all that can enter into his motives are the immediate effects which his actions will have in the sphere he knows.