Government Machinery Has Been Described As A

Everything Is Always Decided For Reasons Other Than The Real Merits Of The Case

He Had One Illusion - France; And One Disillusion - Mankind, Including Frenchmen.

I Was Suffering From My Chronic Delusion That One Good Share Is Safer Than Ten Bad Ones, And I Am Always Forgetting That Hardly Anyone Else Shares This Particular Delusion.

I Conceive, Therefore, That A Somewhat Comprehensive Socialisation Of Investment Will Prove The Means Of Securing An Approximation To Full Employment.

The Book, As It Stands, Seems To Me To Be One Of The Most Frightful Muddles I Have Ever Read, With Scarcely A Sound Proposition In It Beginning With Page 45 [hayek Provided Historical Background Up To Page 45; After That Came His Theoretical Model], And Yet It Remains A Book Of Some Interest, Which Is Likely To Leave Its Mark On The Mind Of The Reader. It Is An Extraordinary Example Of How, Starting With A Mistake, A Remorseless Logician Can End Up In Bedlam.