Friedrich A. Hayek
Each member of society can have only a small fraction of the knowledge possessed by all, and each is therefore ignorant of most of the facts on which the working of society rests…civilization rests on the fact that we all benefit from knowledge which we do not possess. And one of the ways in which civilization helps us to overcome that limitation on the extent … [ Read more ]
Content: Quotation | Author: Friedrich A. Hayek | Source: 800-CEO-READ (8CR) | Subject: Knowledge
The Road to Serfdom
Content: Book | Author: Friedrich A. Hayek | Subjects: Economics, Entrepreneurship