The Nobel Prize Confers On An Individual

The More The State "plans" The More Difficult Planning Becomes For The Individual.

Nothing Distinguishes More Clearly Conditions In A Free Country From Those In A Country Under Arbitrary Government Than The Observance In The Former Of The Great Principles Known As The Rule Of Law.

One Need Not Be A Prophet To Be Aware Of Impending Dangers. An Accidental Combination Of Experience And Interest Will Often Reveal Events To One Man Under Aspects Which Few Yet See.

Civilization Enables Us Constantly To Profit From Knowledge Which We Individually Do Not Possess And Because Each Individual's Use Of His Particular Knowledge May Serve To Assist Others Unknown To Him In Achieving Their Ends That Men As Members Of Civilized Society Can Pursue Their Individual Ends So Much More Successfully Than They Could Alone.

The Curious Task Of Economics Is To Demonstrate To Men How Little They Really Know About What They Imagine They Can Design.