Quote from: Life Topic

It is because every individual knows little and, in particular, because we rarely know which of us knows best best that we trust the independent and competitive efforts of many to induce the emergence of what we shall want when we see it.


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Author Bio


  • NameFriedrich Hayek
  • DescriptionBritish economist and Nobel Prize for Economics laureate
  • AliasesFriedrich August von Hayek
  • BornMay 8, 1899
  • DiedMarch 23, 1992
  • CountryAustria
  • ProfessionEconomist; Philosopher; Historian; Political Scientist
  • AwardsGuggenheim Fellowship; Order Of Merit Of Baden-Württemberg; Ring Of Honour Of The City Wien; Presidential Medal Of Freedom; Order Of Merit For Arts And Science; Hanns Martin Schleyer Prize