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? - SearchQuotes

About
Terms
Privacy
Sitemap

Get in Touch
Advertise
Removal Request
Subscribe
Contact Us

Social
Facebook
Instagram
Twitter
Pinterest

Close

Submit Quote

Latest Quotes
Browse our latest quotes

Topic List
Categorized list of quote topics

Famous Authors
Alphabetical list of influential authors

Picture Quotes
Custom and user added quotes with pictures

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

0 Likes

0 Comments

RELATED QUOTES

We shall not grow wiser before we learn that much that we have done was very foolish.

Friedrich August Von Hayek

1 Likes

Sponsored Links

We know: of course, with regard to the market and similar social structures, a great many facts which we cannot measure and on which indeed we have only some very imprecise and general information.

Friedrich August Von Hayek

0 Likes

We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium.

Friedrich August Von Hayek

0 Likes

We have indeed at the moment little cause for pride: as a profession we have made a mess of things.

Friedrich August Von Hayek

0 Likes

To act on the belief that we possess the knowledge and the power which enable us to shape the processes of society entirely to our liking, knowledge which in fact we do not possess, is likely to make us do much harm.

Friedrich August Von Hayek

2 Likes

Sponsored Links

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

2 Likes

The progress of the natural sciences in modern times has of course so much exceeded all expectations that any suggestion that there may be some limits to it is bound to arouse suspicion.

Friedrich August Von Hayek

2 Likes

The mind cannot foresee its own advance.

Friedrich August Von Hayek

1 Likes

The credit which the apparent conformity with recognized scientific standards can gain for seemingly simple but false theories may, as the present instance shows, have grave consequences.

Friedrich August Von Hayek

3 Likes

Our moral traditions developed concurrently with our reason, not as its product.

Friedrich August Von Hayek

2 Likes

Sponsored Links

It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide.

Friedrich August Von Hayek

1 Likes

It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only those individuals know.

Friedrich August Von Hayek

0 Likes

ABOUT

Terms
Privacy Policy
Removal Request
Sitemap
Contact Us

OUR GOAL

Our goal is to help you by delivering amazing quotes to bring inspiration, personal growth, love and happiness to your everyday life.

© 2023 SearchQuotes™