Friedrich August von Hayek Quotes

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?

- Friedrich August Von Hayek

Tags

Economics | Plead | Ignorance | Sort | Facts |

comments powered by Disqus

Random

We have indeed at the moment little cause for pride: as a profession we have made a mess of things. - 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? - 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. - Friedrich August Von Hayek