Friedrich August von Hayek Quotes

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

Great, Cannot, Social

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

Ignorance, Give, Why

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Biography

Nationality: Austrian

Type: Economist

Born: May 8, 1899

Died: March 23, 1992

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