Friedrich Hayek Quotes


The progress of the natural sciences in modern times has of course so much exceeded all expectations that any suggestion that there may be some limits to it is bound to arouse suspicion.


Citations

Hayek, Friedrich A. The Counter-Revolution of Science: Studies on the Abuse of Reason. Free Press, 1952, p. 13.

Related Quotes

While this has been recognized in politics, it is a factor in scientific research as well.


Some scientists would use this as an example of what scientific research is really like; others would argue that Ballard, however great as a field scientists and explorer, was a poor basic scientist and theoretician. He tends to work in the softer side of his science. This would be a very unusual occurrence for an experimental physicist or a molecular biologist.


Friedrich Hayek
Friedrich Hayek
  • Born: May 8, 1899
  • Died: March 23, 1992
  • Nationality: Austrian
  • Profession: Economist

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.