Quote from: Life Topic

All political theories assume, of course, that most individuals are very ignorant. Those who plead for liberty differ from the rest in that they include among the ignorant themselves as well as the wisest. Compared with the totality of knowledge which is continually utilized in the evolution of a dynamic civilization, the difference between the knowledge that the wisest and that the most ignorant individual can deliberately employ is comparatively insignificant.


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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