#hi

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

#belief #enable #entirely #fact #harm

He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants. ↗

— Friedrich August von Hayek

#appropriate #craftsman #cultivate #does #environment

I regard it in fact as the great advantage of the mathematical technique that it allows us to describe, by means of algebraic equations, the general character of a pattern even where we are ignorant of the numerical values which will determine its particular manifestation. ↗

— Friedrich August von Hayek

#allows #character #describe #determine #equations

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

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, 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

#bring #call #conditions #equilibrium #establish

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

And I highly recommend for all the women in the world, even if they're 71, you can never take for granted that he loves you. It's always good to flirt with him. It's a great sport. ↗

— Salma Hayek

#even #flirt #good #granted #great