Friedrich Hayek Quotes
No human mind can comprehend all the knowledge which guides the actions of society.
Topics
Action
Knowledge
Mind
Human Knowledge
Cognitive Capacity
Cognitive Limitations
Cognitive Limits
Cognitive Processing
Collective Behavior
Complex Systems
Human Comprehension
Human Understanding
Intellectual Boundaries
Knowledge Acquisition
Knowledge Limitations
Social Complexity
Societal Influence
societal behavior
societal knowledge
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Friedrich August von Hayek CH FBA, often referred to by his initials F. A. Hayek, was an Austrian-British economist and philosopher who is best known for his defence of classical liberalism. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for his "pioneering work in the theory of money and economic fluctuations and [...] penetrating analysis of the interdependence of economic, social and institutional phenomena". His account of how changing prices communicate information that helps individuals co-ordinate their plans is widely regarded as an important achievement in economics, leading to his Nobel Prize.