Friedrich August von Hayek Quotes

I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.

- Friedrich August Von Hayek

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Exaggeration | History | Largely | Inflation | Inflations |

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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

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. - 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