Friedrich August von Hayek

Intellects whose desires have outstripped their understanding. ↗

— Friedrich August von Hayek

#intellects #outstripped #their #understanding #whose

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

#arbitrarily #causes #demand #denied #events

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

#conformity #consequences #credit #false #gain

The mind cannot foresee its own advance. ↗

— Friedrich August von Hayek

#cannot #foresee #mind #own

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

#arouse #bound #course #exceeded #expectations

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

#achieve #control #deliberate #deplorable #effects

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

— Friedrich August von Hayek

#indeed #little #made #mess #moment

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

#course #facts #general #great #indeed

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

#certainly #economics #expected #facts #give