We Shall Not Grow Wiser Before We

Our Faith In Freedom Does Not Rest On The Foreseeable Results In Particular Circumstances, But On The Belief That It Will, On Balance, Release More Forces For The Good Than For The Bad ... Freedom Granted Only When It Is Known Beforehand That Its Effects Will Be Beneficial Is Not Freedom.

Hayek Was Making Us Think Of The Productive Process As A Process In Time, Inputs Coming Before Outputs.

Planning Leads To Dictatorship Because Dictatorship Is The Most Effective Instrument Of Coercion And The Enforcement Of Ideals And, As Such, Essential If Central Planning On A Large Scale Is To Be Possible.

There Is Only One '' Principle That Can Preserve A Free Society: Namely, The Strict Prevention Of All Coercion Except In The Enforcement Of General Abstract Rules Equally Applicable To All.

The Nobel Prize Confers On An Individual An Authority Which In Economics No Man Ought To Possess.