F.a. Hayek

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.

All political theories assume, of course, that most individuals are very ignorant. Those who plead for liberty differ from the read more

All political theories assume, of course, that most individuals are very ignorant. Those who plead for liberty differ from the rest in that they include among the ignorant themselves as well as the wisest.

Human reason can neither predict nor deliberately shape its own future. Its advances consist in finding out where it has read more

Human reason can neither predict nor deliberately shape its own future. Its advances consist in finding out where it has been wrong.

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.

The mind cannot foresee its own advance.

The mind cannot foresee its own advance.