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The curious task of economics is to demonstrate to men how little they really know about what they imagine the can design.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism)
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I am certain, however, that nothing has done so much to destroy the juridical safeguards of individual freedom as the striving after this mirage of social justice.
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Friedrich A. Hayek
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The mind can never foresee its own advance
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Friedrich A. Hayek
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... I prefer true but imperfect knowledge, even if it leaves much undetermined and unpredictable, to a pretense of exact knowledge that is likely to be false.
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Friedrich A. Hayek
“
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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Friedrich A. Hayek
“
Unemployment or the loss of income which will always affect some in any society is certainly less degrading if it is the result of misfortune and not deliberately imposed by authority.
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Friedrich A. Hayek
“
Economic control is not merely control of a sector of human life which can be separated from the rest; it is the control of the means for all our ends. And whoever has sole control of the means must also determine which ends are to be served, which values are to be rated higher and which lower-in short, what men should believe and strive for.
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Friedrich A. Hayek
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Cuando el curso de la civilización toma un giro insospechado, cuando, en lugar del progreso continuo que esperábamos, nos vemos amenazados por males que asociábamos con las pasadas edades de barbarie, culpamos, naturalmente, a cualquiera menos a nosotros mismos.
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
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To understand our civilisation, one must appreciate that the extended order resulted not from human design or intention but spontaneously: it arose from unintentionally conforming to certain traditional and largely moral practices, many of which men tend to dislike, whose significance they usually fail to understand, whose validity they cannot prove, and which have nonetheless fairly rapidly spread by means of an evolutionary selection – the comparative increase of population and wealth – of those groups that happened to follow them.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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Conservatism, in its original sense, has no specific ideological content at all, since everything depends on what one is trying to conserve. In the last days of the Soviet Union, for example, those who were trying to preserve the existing Communist regime were rightly referred to as “conservatives,” though what they were trying to conserve had nothing in common with what was advocated by Milton Friedman, Friedrich Hayek or William F. Buckley.
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Thomas Sowell (Intellectuals and Society)
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There is one aspect of the change in moral values brought about by the advance of collectivism which at the present time provides special food for thought. It is that the virtues which are held less and less in esteem and which consequently become rarer and precisely those on which the British people justly prided themselves and in which they were generally agreed to excel. The virtues possessed by Anglo-Saxons in a higher degree than most other people, excepting only a few of the smaller nations, like the Swiss and the Dutch, were independence and self-reliance, individual initiative and local responsbility, the successful reliance on voluntary activity, noninterference with one's neighbor and tolerance of the different and queer, respect for custom and tradition, and a healthy suspicion of power and authority.
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Friedrich A. Hayek
“
«el peligro es muy grande porque podemos elegir la vía equivocada, no deliberadamente ni por decisión común, sino porque parece que ya estamos en ella».
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
“
para poder planificar, la autoridad planificadora debe imponer al pueblo ese detallado código de valores que falta».
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
“
No hay nada en los principios básicos del liberalismo que haga de éste un credo estacionario, no hay reglas absolutas establecidas de una vez para siempre.
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
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Habría amado la libertad, creo yo, en cualquier época, pero en los tiempos en que vivimos me siento inclinado a adorarla. A. DE TOCQUEVILLE
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
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Lo que ha hecho siempre del Estado un infierno sobre la tierra es precisamente que el hombre ha intentado hacer de él su paraíso. F. HÖLDERLIN
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
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«la lógica inherente del colectivismo hace imposible contenerlo en una esfera limitada», e insinuaba que la acción colectiva lleva necesariamente a la coerción,
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
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constataba que el sistema de precios es un mecanismo para coordinar el conocimiento;
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
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luchamos por la libertad para forjar nuestra vida de acuerdo con nuestras propias ideas.
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
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Hemos abandonado progresivamente aquella libertad en materia económica sin la cual jamás existió en el pasado libertad personal ni política.Aunque
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
“
We must raise and train an army of fighters for freedom.
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Friedrich A. Hayek
“
There will always exist inequalities which will appear unjust to those who suffer from them, disappointments which will appear unmerited, and strokes of misfortune which those hit have not deserved. But when these things occur in a society which is consciously directed, the way in which people will react will be very different from what it is when they are nobody's conscious choice.
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Friedrich A. Hayek
“
R. F. Kahn asked, “If I went out tomorrow and bought a new overcoat, that would increase unemployment?” “Yes,” said Hayek, “but … it would take a very long mathematical argument to explain why.
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Mark Blyth (Austerity: The History of a Dangerous Idea)
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Social justice does not belong to the category of error but to that of nonsense, like the term 'a moral stone'. —F.A. Hayek, Law, Legislation and Liberty, Volume 2: The Mirage of Social Justice, 1976
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Vox Day (SJWs Always Lie: Taking Down the Thought Police (The Laws of Social Justice Book 1))
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The man of system, on the contrary, is apt to be very wise in his own conceit; and is often so enamoured with the supposed
beauty of his own ideal plan of government, that he cannot suffer the smallest deviation from any part of it. He goes on to
establish it completely and in all its parts, without any regard either to the great interests, or to the strong prejudices which
may oppose it. He seems to imagine that he can arrange the different members of a great society with as much ease as the
hand arranges the different pieces upon a chess-board. He does not consider that the pieces upon the chess-board have no other
principle of motion besides that which the hand impresses upon them; but that, in the great chess-board of human society, every
single piece has a principle of motion of its own, altogether different from that which the legislature might chuse to impress
upon it. If those two principles coincide and act in the same direction, the game of human society will go on easily and
harmoniously, and is very likely to be happy and successful. If they are opposite or different, the game will go on miserably,
and the society must be at all times in the highest degree of disorder.
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Friedrich A. Hayek
“
algunos de los mayores pensadores políticos del siglo XIX,como De Tocqueville y Lord Acton, nos advirtieron que socialismo significa esclavitud, hemos marchado constantemente en la dirección del socialismo.
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
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libertad individual y colectivismo. Las diversas clases de colectivismo: comunismo, fascismo, etc., difieren entre sí por la naturaleza del objetivo hacia el cual desean dirigir los esfuerzos de la sociedad.
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
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El reconocimiento del individuo como juez supremo de sus fines, la creencia en que, en lo posible, sus propios fines deben gobernar sus acciones, es lo que constituye la esencia de la posición individualista.
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
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«La democracia extiende la esfera de la libertad individual», decía en 1848; «el socialismo la restringe. La democracia atribuye todo valor posible al individuo; el socialismo hace de cada hombre un simple agente, un simple número.
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
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We can unfortunately not indefinitely extend the sphere of common action and still leave the individual free in his own sphere. Once the communal sector, in which the state controls all the means, exceeds a certain proportion of the whole, the effects of its actions dominate the whole system. Although the state controls directly the use of only a large part of the available resources, the effects of its decisions on the remaining part of the economic system become so great that indirectly it controls almost everything.
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Friedrich A. Hayek (The Road to Serfdom: Text and Documents: The Definitive Edition (The Collected Works of F.A. Hayek Book 2))
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«el socialismo puede llevarse a la práctica sólo con métodos que la mayoría de los socialistas desaprueba».[104] Y aunque tuviera que empezar como un experimento «liberal socialista» (en ninguno de los casos reales en todo el mundo ocurrió así, podríamos añadir),
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
“
Cuando el curso de la civilización toma un giro insospechado, cuando, en lugar del progreso continuo que esperábamos, nos vemos amenazados por males que asociábamos con las pasadas edades de barbarie, culpamos, naturalmente, a cualquiera menos a nosotros mismos. ¿No
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
“
From this the individualist concludes that the individuals should be allowed, within defined limits, to follow their own values and preferences rather than somebody else’s; that within these spheres the individual’s system of ends should be supreme and not subject to any dictation by others.
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Friedrich A. Hayek (The Road to Serfdom)
“
Estamos abandonando rápidamente, no sólo las ideas de Cobden y Bright, de Adam Smith y Hume e incluso de Locke y Milton,[5] sino una de las características de la civilización occidental tal como se ha desarrollado a partir de sus fundamentos establecidos por el Cristianismo y por Grecia y Roma.
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
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En él,Hayek refuta la opinión corriente afirmando que el Nacionalsocialismo era un «auténtico movimiento socialista».[15] En apoyo de esta interpretación constata su oposición al liberalismo, su política económica restrictiva, el origen socialista de algunos de sus líderes, y su antirracionalismo.
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
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La transformación gradual de un sistema organizado rígidamente en jerarquías en otro donde los hombres pudieron, al menos, intentar la forja de su propia vida, donde el hombre ganó la oportunidad de conocer y elegir entre diferentes formas de vida, está asociada estrechamente con el desarrollo del comercio.
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
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El control económico no es sólo intervención de un sector de la vida humana que puede separarse del resto; es el control de los medios que sirven a todos nuestros fines, y quien tenga la intervención total de los medios determinará también a qué fines se destinarán, qué valores serán calificados como más altos y cuáles como más bajos:
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Friedrich A. Hayek (Camino de servidumbre. Textos de documentos. Edición definitiva (Obras Completas de F.A. Hayek nº 2) (Spanish Edition))
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It is necessary to guard ourselves from thinking that the practice of the scientific method enlarges the powers of the human mind. Nothing is more flatly contradicted by experience than the belief that a man distinguished in one or even more departments of science, is more likely to think sensibly about ordinary affairs than anyone else. Wilfred Trotter
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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Individualism has a bad name today, and the term has come to be connected with egotism and selfishness.7 But the individualism of which we speak in contrast to socialism and all other forms of collectivism has no necessary connection with these. Only gradually in the course of this book shall we be able to make clear the contrast between the two opposing principles.
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Friedrich A. Hayek (The Road to Serfdom)
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When individuals combine in a joint effort to realize ends the have in common, the organizations, like the state, that they form for this purpose are given their own system of ends and their own means. But any organization thus formed remains one "person" among other, in the case of the state much more powerful than any of the others, it is true, yet still with its separate and limited sphere in which alone its ends are supreme.
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Friedrich A. Hayek
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What I have described as the liberal position shares with conservatism a distrust of reason to the extent that the liberal is very much aware that we do not know all the answers and that he is not sure that the answers he has are certainly the rights ones or even that we can find all the answers. He also does not disdain to seek assistance from whatever non-rational institutions or habits have proved their worth. The liberal differs from the conservative in his willingness to face this ignorance and to admit how little we know, without claiming the authority of supernatural forces of knowledge where his reason fails him. It has to be admitted that in some respects the liberal is fundamentally a skeptic - but it seems to require a certain degree of diffidence to let others seek their happiness in their own fashion and to adhere consistently to that tolerance which is an essential characteristic of liberalism.
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Friedrich A. Hayek (Why I am Not a Conservative)
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While people will submit to suffering which may hit anyone, they will not so easily submit to suffering which is the result of the decision of authority. It may be bad to be just a cog in an impersonal machine; but it is infinitely worse if we can no longer leave it, if we are tied to our place and to the superiors who have been chosen for us. Dissatisfaction of everybody with his lot will inevitably grow with the consciousness that it is the result of deliberate human decision.
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Friedrich A. Hayek
“
The Austrian born Von Hayek has long been under the control of David Rockefeller, and Von Hayek theories have been fairly widely accepted in the United States for some time, especially in “conservative” circles. According to Von Hayek, a future United States economic platform must be based on (a) urban black markets, (b) small Hong Kong type industries utilizing sweatshop labor, (c) the tourist trade, (d) free enterprise zones where speculators can operate unhindered and where the drug trade can flourish, (e) the end of all industrial activity and (f) closing down of all nuclear energy plants.
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John Coleman (The Conspirator's Hierarchy: The Committee of 300)
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One’s initial surprise at finding that intelligent people tend to be socialists diminishes when one realises that, of course, intelligent people will tend to overvalue intelligence, and to suppose that we must owe all the advantages and opportunities that our civilisation offers to deliberate design rather than to following traditional rules, and likewise to suppose that we can, by exercising our reason, eliminate any remaining undesired features by still more intelligent reflection, and still more appropriate design and ‘rational coordination’ of our undertakings. This leads one to be favourably disposed to the central economic planning and control that lie at the heart of socialism.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
“
What our generation is in danger of forgetting is not only that morals are of necessity a phenomenon of individual conduct but also that they can exist only in the sphere in which the individual is free to decide for himself and is called upon voluntarily to sacrifice personal advantage to the observance of a moral rule. Outside the sphere of individual responsibility there is neither goodness nor badness, neither opportunity for moral merit nor the chance of proving one’s conviction by sacrificing one’s desires to what one thinks right. Only were we ourselves are responsible for our own interests and are free to sacrifice them has our decision moral value. We are neither entitled to be unselfish at someone else’s expense nor is there any merit in being unselfish if we have no choice. The members of a society who in all respects are made to do the good things have no title to praise. As Milton said: “If every action which is good or evil in a man of ripe years were under pittance an prescription and compulsion, what were virtue but a name, what praise should then be due to well-doing, what gramercy to be sober, just, or continent?”
Freedom to order our own conduct in the sphere where material circumstances force upon us, and responsibility for the arrangement of our own life according to our own conscience, is the air in which alone moral sense grows and in which moral values are daily re-created in the free decision of the individual. Responsibility, not to a superior, but to one’s conscience, the awareness of a duty not exacted by compulsion, the necessity to decide which of the things one values are to be sacrificed to others, and to bear the consequences of one’s own decision, are the very essence of any morals which deserve the name.
That in this sphere of individual conduct the effect of collectivism has been almost entirely destructive is both inevitable and undeniable. A movement whose main promise is the relief from responsibility cannot but be antimoral in its effect, however lofty the ideals to which it owes its birth. Can there be much doubt that the feeling of personal obligation to remedy inequities, where our individual power permits, has been weakened rather than strengthened, that both the willingness to bear responsibility and the consciousness that it is our own individual duty to know how to choose have been perceptibly impaired? …There is much to suggest that we have in fact become more tolerant toward particular abuses and much more indifferent to inequities in individual cases, since we have fixed our eyes on an entirely different system in which the state will set everything right. It may even be, as has been suggested, that the passion for collective action is a way in which we now without compunction collectively indulge in that selfishness which as individuals we had learned a little to restrain.
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Friedrich A. Hayek
“
When the course of civilization takes an unexpected turn—when, instead of the continuous progress which we have come to expect, we find ourselves threatened by evils associated by us with past ages of barbarism—we naturally blame anything but ourselves. Have we not all striven according to our best lights, and have not many of our finest minds incessantly worked to make this a better world? Have not all our efforts and hopes been directed toward greater freedom, justice, and prosperity? If the outcome is so different from our aims— if, instead of freedom and prosperity, bondage and misery stare us in the face—is it not clear that sinister forces must have foiled our intentions, that we are the victims of some evil power which must be conquered before we can resume the road to better things? However much we may differ when we name the culprit—whether it is the wicked capitalist or the vicious spirit of a particular nation, the stupidity of our elders, or a social system not yet, although we have struggled against it for half a century, fully overthrown—we all are, or at last were until recently, certain of one thing: that the leading ideas which during the last generation have become common to most people of good will and have determined the major changes in our social life cannot have been wrong. We are ready to accept almost any explanation of the present crisis of our civilization except one: that the present state of the world may be the result of genuine error on our own part and that the pursuit of some of our most cherished ideals has apparently produced results utterly different from those which we expected.
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Friedrich A. Hayek (The Road to Serfdom: Text and Documents: The Definitive Edition (The Collected Works of F.A. Hayek Book 2))
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I believe that 'social justice' will ultimately be recognized as a will-o'-the-wisp which has lured men to abandon many of the values which in the past have inspired the development of civilization- an attempt to satisfy a craving inherited from the traditions of the small group but which is meaningless in the Great Society of free men. Unfortunately, this vague desire which has become one of the strongest bonds spurring people of good will to action, not only is bound to be disappointed. This would be sad enough. But, like most attempts to pursue an unattainable goal, the striving for it will also produce highly undesirable consequences, and in particular lead to the destruction of the indispensable environment in which the traditional moral values alone can flourish, namely personal freedom. —F.A. Hayek, Law, Legislation and Liberty, Volume 2: The Mirage of Social Justice, 1976
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Vox Day (SJWs Always Lie: Taking Down the Thought Police (The Laws of Social Justice Book 1))
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There is one point of phraseology which I ought to explain here to forestall any misunderstanding. I use throughout the term "liberal" in the original, nineteenth-century sense in which it is still current in Britain. In current American usage it often means very nearly the opposite of this. It has been part of the camouflage of leftish movements in this country, helped by the muddleheadedness of many who really believe in liberty, that "liberal" has come to mean the advocacy of almost every kind of government control. I am still puzzled why those in the United States who truly believe in liberty should not only have allowed the left to appropriate this almost indispensable term but should even have assisted by beginning to use it themselves as a term of opprobrium. This seems to be particularly regrettable because of the consequent tendency of many true liberals to describe themselves as conservatives.
It is true, of course, that in the struggle against the believers in the all-powerful state the true liberal must sometimes make common cause with the conservative, and in some circumstances, as in contemporary Britain, he has hardly any other way of actively working for his ideals. But true liberalism is still distinct from conservatism, and there is danger in the two being confused. Conservatism, though a necessary element in any stable society, is not a social program; in its paternalistic, nationalistic, and power-adoring tendencies it is often closer to socialism than true liberalism; and with its traditionalistic, anti-intellectual, and often mystical propensities it will never, except in short periods of disillusionment, appeal to the young and all those others who believe that some changes are desirable if this world is to become a better place. A conservative movement, by its very nature, is bound to be a defender of established privilege and to lean on the power of absolute government for the protection of privilege. The essence of the liberal position, however, is the denial of all privilege, if privilege is understood in its proper and original meaning of the state granting and protecting rights to some which are not available on equal terms to others
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Friedrich A. Hayek (The Road to Serfdom: Text and Documents - the Definitive Edition)
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Thus when people object, as they do, to me and others pointing out that the rich are getting richer and the poor are getting poorer—by commenting that wealth is not finite, that statist and globalist solutions and handouts will merely strip the poor of their human dignity and vocation to work, and that all this will encourage the poor toward a sinful envy of the rich, a slothful escapism, and a counterproductive reliance on Caesar rather than God—I want to take such commentators to refugee camps, to villages where children die every day, to towns where most adults have already died of AIDS, and show them people who haven't got the energy to be envious, who aren't slothful because they are using all the energy they've got to wait in line for water and to care for each other, who know perfectly well that they don't need handouts so much as justice. I know, and such people often know in their bones, that wealth isn't a zero-sum game, but reading the collected works of F. A. Hayek in a comfortable chair in North America simply doesn't address the moral questions of the twenty-first century.
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N.T. Wright (Surprised by Hope: Rethinking Heaven, the Resurrection, and the Mission of the Church)
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There is an excellent short book (126 pages) by Faustino Ballvè, Essentials of Economics (Irvington-on-Hudson, N.Y.: Foundation for Economic Education), which briefly summarizes principles and policies. A book that does that at somewhat greater length (327 pages) is Understanding the Dollar Crisis by Percy L. Greaves (Belmont, Mass.: Western Islands, 1973). Bettina Bien Greaves has assembled two volumes of readings on Free Market Economics (Foundation for Economic Education). The reader who aims at a thorough understanding, and feels prepared for it, should next read Human Action by Ludwig von Mises (Chicago: Contemporary Books, 1949, 1966, 907 pages). This book extended the logical unity and precision of economics beyond that of any previous work. A two-volume work written thirteen years after Human Action by a student of Mises is Murray N. Rothbard’s Man, Economy, and State (Mission, Kan.: Sheed, Andrews and McMeel, 1962, 987 pages). This contains much original and penetrating material; its exposition is admirably lucid; and its arrangement makes it in some respects more suitable for textbook use than Mises’ great work. Short books that discuss special economic subjects in a simple way are Planning for Freedom by Ludwig von Mises (South Holland, 111.: Libertarian Press, 1952), and Capitalism and Freedom by Milton Friedman (Chicago: University of Chicago Press, 1962). There is an excellent pamphlet by Murray N. Rothbard, What Has Government Done to Our Money? (Santa Ana, Calif.: Rampart College, 1964, 1974, 62 pages). On the urgent subject of inflation, a book by the present author has recently been published, The Inflation Crisis, and How to Resolve It (New Rochelle, N.Y.: Arlington House, 1978). Among recent works which discuss current ideologies and developments from a point of view similar to that of this volume are the present author’s The Failure of the “New Economics”: An Analysis of the Keynesian Fallacies (Arlington House, 1959); F. A. Hayek, The Road to Serfdom (1945) and the same author’s monumental Constitution of Liberty (Chicago: University of Chicago Press, 1960). Ludwig von Mises’ Socialism: An Economic and Sociological Analysis (London: Jonathan Cape, 1936, 1969) is the most thorough and devastating critique of collectivistic doctrines ever written. The reader should not overlook, of course, Frederic Bastiat’s Economic Sophisms (ca. 1844), and particularly his essay on “What Is Seen and What Is Not Seen.” Those who are interested in working through the economic classics might find it most profitable to do this in the reverse of their historical order. Presented in this order, the chief works to be consulted, with the dates of their first editions, are: Philip Wicksteed, The Common Sense of Political Economy, 1911; John Bates Clark, The Distribution of Wealth, 1899; Eugen von Böhm-Bawerk, The Positive Theory of Capital, 1888; Karl Menger, Principles of Economics, 1871; W. Stanley Jevons, The Theory of Political Economy, 1871; John Stuart Mill, Principles of Political Economy, 1848; David Ricardo, Principles of Political Economy and Taxation, 1817; and Adam Smith, The Wealth of Nations, 1776.
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Henry Hazlitt (Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics)
“
The belief that order must be intentionally generated and imposed upon society by institutional authorities continues to prevail. This centrally-directed model is premised upon what F.A. Hayek called “the fatal conceit,” namely, the proposition “that man is able to shape the world according to his wishes,”3 or what David Ehrenfeld labeled “the arrogance of humanism.”4That such practices have usually failed to produce their anticipated results has generally led not to a questioning of the model itself, but to the conclusion that failed policies have suffered only from inadequate leadership, or a lack of sufficient information, or a failure to better articulate rules. Once such deficiencies have been remedied, it has been supposed, new programs can be implemented which, reflective of this mechanistic outlook, will permit government officials to “fine tune” or “jump start” the economy, or “grow” jobs, or produce a “quick fix” for the ailing government school system. Even as modern society manifests its collapse in the form of violent crime, economic dislocation, seemingly endless warfare, inter-group hostilities, the decay of cities, a growing disaffection with institutions, and a general sense that nothing “works right” anymore, faith in the traditional model continues to drive the pyramidal systems. Most people still cling to the belief that there is something that can be done by political institutions to change such conditions: a new piece of legislation can be enacted, a judicial ruling can be ordered, or a new agency regulation can be promulgated. When a government-run program ends in disaster, the mechanistic mantra is invariably invoked: “we will find out what went wrong and fix it so that this doesn’t happen again.” That the traditional model itself, which is grounded in the state’s power to control the lives and property of individuals to desired ends, may be the principal contributor to such social disorder goes largely unexplored.
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Butler Shaffer (Boundaries of Order: Private Property as a Social System)
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In a passage often cited by Western conservatives and especially loved by American libertarians, the Austrian economist F. A. Hayek wrote in 1960: “The greatest danger to liberty today comes from the men who are most needed and most powerful in modern government, namely, the efficient expert administrators exclusively concerned with what they regard as the public good.
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Thomas M. Nichols (The Death of Expertise: The Campaign Against Established Knowledge and Why it Matters)
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We can never at one and the same time question all [traditional] values. Such absolute doubt could lead only to the destruction of our civilization and—in view of the numbers to which economic progress has allowed the human race to grow—to extreme misery and starvation. Complete abandonment of all traditional values is, of course, impossible; it would make man incapable of acting.” - F.A. Hayek Human action flows out of value systems. Those who hold traditional values in disdain have every right to put the burden of legitimacy on those who hold to them. But human action throughout history has led to greater growth and less misery. Those who would dismiss the traditions and values that have accompanied human action throughout civilization carry a burden themselves—accounting for what value system will replace that which we dismiss without wreaking havoc on civilization. It’s a tall order.
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David L. Bahnsen (There’s No Free Lunch: 250 Economic Truths)
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Bork, along with economists like F. A. Hayek, Milton Friedman, and James Buchanan—figures whose work I had never studied or even read until after that night in Harlem—advocated not the conservation of traditional structures but the abolition of them; they wished to eliminate all real checks on private enterprise; and they believed, in contradiction not only to all common sense but also to Gödel’s theorem, that the Market could be depended on to regulate its own aberrations and idiosyncrasies. In other words, however much Bork and others like him may have inveighed against personal liberties in the public sphere, they were positively gaga over individualism’s most wanton, unfettered forms in the private sector. Indeed, I’ve come to think that the central political paradox of our time is that the so-called conservatives of the past half century have sought to conserve almost nothing of the societies they inherited but instead have worked to remake them with a vigor reminiscent of the leftist revolutionaries they despise.
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Ayad Akhtar (Homeland Elegies)
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It is because freedom means the renunciation of direct control of individual efforts that a free society can make use of so much more knowledge than the mind of the wisest ruler could comprehend.” - F.A. Hayek You may want to read this one several times to let it sink in. In a free society, the collective knowledge of all the individuals in it is at use—it is not suppressed, it has distributive powers, and its applications are monumental and miraculous. The conscious decision to replace the power of that collective knowledge expressed in a free and open marketplace with the limited, broken, misapplied, and misaligned knowledge of a central planner is one of the great mysteries of modern times, and one of its great iniquities.
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David L. Bahnsen (There’s No Free Lunch: 250 Economic Truths)
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It is because freedom means the renunciation of direct control of individual efforts that a free society can make use of so much more knowledge than the mind of the wisest ruler could comprehend.” - F.A. Hayek You may want to read this one several times to let it sink in. In a free society, the collective knowledge of all the individuals in it is at use—it is not suppressed, it has distributive powers, and its applications are monumental and miraculous. The conscious decision to replace the power of that collective knowledge expressed in a free and open marketplace with the limited, broken, misapplied, and misaligned knowledge of a central planner is one of the great mysteries of modern times, and one of its great iniquities. “The most basic question is not what is best, but who shall decide what is best.” - Thomas Sowell This is, indeed, the question. Defenders of free enterprise do not believe in a perfect administration under a market economy. Rather, we do not believe in the possibility of such. To the extent imperfect decision-making is accepted, we then seek to solve for who has the best chance of answering the question correctly, he with local knowledge or he without? He who will reap the consequences of his decision, or he who will not? Better decisions that are imperfect are superior to worse ones that are also imperfect. And accountability where a decision is made is better than no accountability where a decision is also made. One simply must abandon belief in the omnipotent disinterested third party (which no one explicitly believes in but too many implicitly do). Once we have accepted the inevitability of imperfect decision-making, choosing who decides is the easy part.
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David L. Bahnsen (There’s No Free Lunch: 250 Economic Truths)
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In Law, Legislation, and Liberty, Hayek lamented how western democracies were increasingly circumventing the spirit of liberal constitutionalism by passing coercive legislation, typically under the guise of achieving social justice, but in reality serving well-organized coalitions of special interests.
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Friedrich A. Hayek (The Road to Serfdom)
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If you talk here with people over 40 years of age— except Hansen—they sound sane and relatively conservative. It is the generation brought up by Keynes and Hansen, which is blind to the political implications of their economic views.
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Friedrich A. Hayek (The Road to Serfdom)
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the extended order resulted not from human design or intention but spontaneously: it arose from unintentionally conforming to certain traditional and largely moral practices, many of which men tend to dislike, whose significance they usually fail to understand, whose validity they cannot prove, and which have nonetheless fairly rapidly spread by means of an evolutionary selection – the comparative increase of population and wealth – of those groups that happened to follow them.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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Although I attack the presumption of reason on the part of socialists, my argument is in no way directed against reason properly used. By ‘reason properly used’ I mean reason that recognises its own limitations and, itself taught by reason, faces the implications of the astonishing fact, revealed by economics and biology, that order generated without design can far outstrip plans men consciously contrive.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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Nor do I dispute that reason may, although with caution and in humility, and in a piecemeal way, be directed to the examination, criticism and rejection of traditional institutions and moral principles.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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an evolutionary theory of morality is indeed emerging, and its essential insight is that our morals are neither instinctual nor a creation of reason, but constitute a separate tradition – ‘between instinct and reason’, as the title of the first chapter indicates – a tradition of staggering importance in enabling us to adapt to problems and circumstances far exceeding our rational capacities.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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Such new rules would spread not because men understood that they were more effective, or could calculate that they would lead to expansion, but simply because they enabled those groups practising them to procreate more successfully and to include outsiders.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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This book has shown mankind as torn between two states of being. On one hand are the kinds of attitudes and emotions appropriate to behaviour in the small groups wherein mankind lived for more than a hundred thousand years, wherein known fellows learnt to serve one another, and to pursue common aims. Curiously, these archaic, more primitive attitudes and emotions are now supported by much of rationalism, and by the empiricism, hedonism, and socialism associated with it. On the other hand there is the more recent development in cultural evolution wherein we no longer chiefly serve known fellows or pursue common ends, but where institutions, moral systems, and traditions have evolved that have produced and now keep alive many times more people than existed before the dawn of civilisation, people who are engaged, largely peacefully though competitively, in pursuing thousands of different ends of their own choosing in collaboration with thousands of persons whom they will never know.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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Thus the word ‘society’ has become a convenient label denoting almost any group of people, a group about whose structure or reason for coherence nothing need be known – a makeshift phrase people resort to when they do not quite know what they are talking about. Apparently a people, a nation, a population, a company, an association, a group, a horde, a band, a tribe, the members of a race, of a religion, sport, entertainment, and the inhabitants of any particular place, all are, or constitute, societies.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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the religious view that morals were determined by processes incomprehensible to us may at any rate be truer (even if not exactly in the way intended) than the rationalist delusion that man, by exercising his intelligence, invented morals that gave him the power to achieve more than he could ever foresee. If we bear these things in mind, we can better understand and appreciate those clerics who are said to have become somewhat sceptical of the validity of some of their teachings and who yet continued to teach them because they feared that a loss of faith would lead to a decline of morals.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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The undoubted historical connection between religion and the values that have shaped and furthered our civilisation, such as the family and several property, does not of course mean that there is any intrinsic connection between religion as such and such values. Among the founders of religions over the last two thousand years, many opposed property and the family. But the only religions that have survived are those which support property and the family.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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It wouldbe different if it were given to us to live a second time through the same events with all the knowledge of what we have seen before
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F.A.Hayek
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The ‘unity of consciousness’ means, above all, that conscious events occupy a definite position in the same spatial and temporal order, that they are ‘dated’ and ‘placed’ in relation to other conscious events, and that all sensory and affective events which ‘enter consciousness’, together with the reproductions or images of such experiences, belong to the same order or universe.
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Friedrich A. Hayek (The Sensory Order and Other Writings on the Foundations of Theoretical Psychology (Volume 14) (The Collected Works of F. A. Hayek))
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Les événements contemporains ne sont pas de l'histoire. Nous ne savons pas quels effets ils produiront.
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Friedrich A. Hayek
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Il n'y a rien dans les principes du libéralisme qui permette d'en faire un dogme immuable ; il n'y a pas de règles stables, fixées une fois pour toutes. Il y a un principe fondamental : à savoir que dans la conduite de nos affaires nous devons faire le plus grand usage possible des forces sociales spontanées, et recourir le moins possible à la coercition.
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Friedrich A. Hayek
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Il est vrai que les inventions nous ont donné un pouvoir considérable, mais il est absurde de suggérer que nous devons nous en servir pour détruire notre héritage le plus précieux, la liberté.
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Friedrich A. Hayek
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Un exemple souvent cité est celui des magnifiques autostrades d'Allemagne et d'Italie, encore qu'elles représentent un genre de planisme qui ne serait guère possible dans une société libérale. Mais il est également absurde de considérer de tels exemples comme prouvant la supériorité générale du planisme. Il serait plus exact de dire que des réalisations techniques d'une excellence hors de proportion avec la situation générale prouvent que les ressources du pays intéressé sont mal utilisées. Quand on a roulé sur les fameuses autostrades allemandes et qu'on y a croisé moins de voitures que sur nombre de routes secondaires en Angleterre, on se rend compte que, du point de vue de l'économie du temps de paix, l'existence de ces autostrades n'est guère justifiée.
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Friedrich A. Hayek
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Les hommes les plus désireux de planifier la société seraient les plus dangereux si on les laissait faire, et les plus intolérants à l'égard du planisme d'autrui. Du saint idéaliste unilatéral au fanatique, il n'y a souvent qu'un pas.
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Friedrich A. Hayek
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Many of the greatest things man has achieved are the result not of consciously directed thought, and still less the product of a deliberately coordinated effort of many individuals, but of a process in which the individual plays a part which he can never fully understand.
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Friedrich A. Hayek
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Which kind of values figure less prominently in the picture of the future held out to us by the popular writers and speakers than they did in the dreams and hopes of our fathers? It is certainly not material comfort, certainly not a rise in our standard of living or the assurance of a certain status in society which ranks lower. Is there a popular writer or speaker who dares to suggest to the masses that they might have to make sacrifices of their material prospects for the enhancement of an ideal end? Is it not, in fact, entirely the other way round? Are not the things which we are more and more frequently taught to regard as "nineteenth-century illusions" all moral values-liberty and independence, truth and intellectual honesty, peace and democracy, and the respect for the individual qua man instead of merely as the member of an organised group?
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Friedrich A. Hayek (The Road to Serfdom: Text and Documents: The Definitive Edition (The Collected Works of F.A. Hayek))
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To say that the Open Society is one of ever-increasing diversity and complexity is not to say that all complexity is consistent with it. We need to inquire into the conditions that facilitate the sort of bottom-up self-organization we have been analyzing. Social morality is critical in this regard.
The key of ultra-social life under conditions of disagreement is reconciliation on shared rules. It has never been the case that humans were able to live together because they simply shared common goals; we are primates, not ant, and so cooperation always needs to be reconciled with sharp differences and conflicts. Socially shared moral rules, it will be recalled, allow humans to develop both the common expectations and practices of accountability on which effective cooperation depends. The moral rules of a complex society serve to dampen its complexity with some firm expectations in the midst of constant adjustments. As Hayek insisted, without shared moral rules the highly diverse reflexive actors of the Open Society could not even begin to effectively coordinate their actions. Shared moral rules allow for significant prediction of what others will do - or, more accurately, not do. Yet, at the same time, while providing expectations on which to base planning, they must also leave individuals with great latitude to adjust their actions to the constant novelty which complexity generates. These two desiderata push in opposite directions: one toward stability of expectations, the other toward freedom to change them. Successfully securing both is the main challenge of the morality of an Open Society.
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Gerald F. Gaus (The Open Society and Its Complexities (Philosophy, Politics, and Economics))
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Nezbytným a jen zdánlivě paradoxním důsledkem je, že formální rovnost před zákonem je v rozporu, a ve skutečnosti neslučitelná, s jakoukoli činností vlády, která vědomě směřuje k materiální nebo předmětové rovnosti různých lidí, a že jakákoli politika směřující k ideálu spravedlnosti rozdělování musí vést k destrukci panství zákona. Aby bylo dosaženo stejného výsledku pro různé lidi, je nutné zacházet s nimi různě. Dát různým lidem tutéž objektivní příležitost není totéž jako dát jim stejnou subjektivní šanci. Je příznačné a charakteristické, že socialisté a nacisté vždycky protestovali proti "pouhé" formální spravedlnosti a proti zákonu, ve kterém nebyl obsažen názor na to, jak dobře se určití lidé mají mít.
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Friedrich A. Hayek
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It is less accurate to suppose that thinking man creates and controls his cultural evolution than it is to say that culture, and evolution, created his reason.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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In any case, the idea that at some point conscious design stepped in and displaced evolution substitutes a virtually supernatural postulate for scientific explanation. So far as scientific explanation is concerned, it was not what we know as mind that developed civilisation, let alone directed its evolution, but rather mind and civilisation which developed or evolved concurrently.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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If it were for instance true that central direction of the means of production could effect a collective product of at least the same magnitude as that which we now produce, it would indeed prove a grave moral problem how this could be done justly.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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there is no known way, other than by the distribution of products in a competitive market, to inform individuals in what direction their several efforts must aim so as to contribute as much as possible to the total product.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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The main point of my argument is, then, that the conflict between, on one hand, advocates of the spontaneous extended human order created by a competitive market, and on the other hand those who demand a deliberate arrangement of human interaction by central authority based on collective command over available resources is due to a factual error by the latter about how knowledge of these resources is and can be generated and utilised.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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The demands of socialism are not moral conclusions derived from the traditions that formed the extended order that made civilisation possible. Rather, they endeavour to overthrow these traditions by a rationally designed moral system whose appeal depends on the instinctual appeal of its promised consequences.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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They assume that, since people had been able to generate some system of rules coordinating their efforts, they must also be able to design an even better and more gratifying system. But if humankind owes its very existence to one particular rule-guided form of conduct of proven effectiveness, it simply does not have the option of choosing another merely for the sake of the apparent pleasantness of its immediately visible effects.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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By ‘reason properly used’ I mean reason that recognises its own limitations and, itself taught by reason, faces the implications of the astonishing fact, revealed by economics and biology, that order generated without design can far outstrip plans men consciously contrive.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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It is important to confront these consequences, for the notion that, in the last resort, the whole debate is a matter of value judgements and not of facts has prevented professional students of the market order from stressing forcibly enough that socialism cannot possibly do what it promises.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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The contention that we are constrained to preserve capitalism because of its superior capacity to utilise dispersed knowledge raises the question of how we came to acquire such an irreplaceable economic order – especially in view of my claim that powerful instinctual and rationalistic impulses rebel against the morals and institutions that capitalism requires.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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Our moral traditions, like many other aspects of our culture, developed concurrently with our reason, not as its product. Surprising and paradoxical as it may seem to some to say this, these moral traditions outstrip the capacities of reason.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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the error, later so common, of confusing two senses of freedom: that curious sense in which an isolated individual is supposed to be able to be free, and that in which many persons collaborating with one another can be free. Seen in the latter context of such collaboration, only abstract rules of property – i.e., the rules of law – guarantee freedom.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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In our economic activities we do not know the needs which we satisfy nor the sources of the things which we get. Almost all of us serve people whom we do not know, and even of whose existence we are ignorant; and we in turn constantly live on the services of other people of whom we know nothing. All this is possible because we stand in a great framework of institutions and traditions – economic, legal, and moral – into which we fit ourselves by obeying certain rules of conduct that we never made, and which we have never understood in the sense in which we understand how the things that we manufacture function.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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These modes of coordination depended decisively on instincts of solidarity and altruism – instincts applying to the members of one’s own group but not to others. The members of these small groups could thus exist only as such: an isolated man would soon have been a dead man. The primitive individualism described by Thomas Hobbes is hence a myth. The savage is not solitary, and his instinct is collectivist. There was never a ‘war of all against all’.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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if our present order did not already exist we too might hardly believe any such thing could ever be possible, and dismiss any report about it as a tale of the miraculous, about what could never come into being. What are chiefly responsible for having generated this extraordinary order, and the existence of mankind in its present size and structure, are the rules of human conduct that gradually evolved (especially those dealing with several property, honesty, contract, exchange, trade, competition, gain, and privacy).
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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Mankind achieved civilisation by developing and learning to follow rules (first in territorial tribes and then over broader reaches) that often forbade him to do what his instincts demanded, and no longer depended on a common perception of events. These rules, in effect constituting a new and different morality, and to which I would indeed prefer to confine the term ‘morality’, suppress or restrain the ‘natural morality’, i.e., those instincts that welded together the small group and secured cooperation within it at the cost of hindering or blocking its expansion.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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Nonetheless it is true that the greater part of our daily lives, and the pursuit of most occupations, give little satisfaction to deep-seated ‘altruistic’ desires to do visible good. Rather, accepted practices often require us to leave undone what our instincts impel us to do. It is not so much, as is often suggested, emotion and reason that conflict, but innate instincts and learnt rules. Yet, as we shall see, following these learnt rules generally does have the effect of providing a greater benefit to the community at large than most direct ‘altruistic’ action that a particular individual might take.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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Competition is a procedure of discovery, a procedure involved in all evolution, that led man unwittingly to respond to novel situations; and through further competition, not through agreement, we gradually increase our efficiency.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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operate beneficially, competition requires that those involved observe rules rather than resort to physical force. Rules alone can unite an extended order. (Common ends can do so only during a temporary emergency that creates a common danger for all.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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Man became intelligent because there was tradition – that which lies between instinct and reason – for him to learn. This tradition, in turn, originated not from a capacity rationally to interpret observed facts but from habits of responding. It told man primarily what he ought or ought not to do under certain conditions rather than what he must expect to happen.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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Shaped by the environment in which individuals grow up, mind in turn conditions the preservation, development, richness, and variety of traditions on which individuals draw. By being transmitted largely through families, mind preserves a multiplicity of concurrent streams into which each newcomer to the community can delve.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))
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Just as instinct is older than custom and tradition, so then are the latter older than reason: custom and tradition stand between instinct and reason – logically, psychologically, temporally.
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Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1))