Monday, August 5, 2013

Friedrich Hayek on Growing Wiser

We shall not grow wiser before we learn that much that we have done was very foolish.

In "The Road to Serfdom" (1944). Friedrich Hayek (1899–1992), born in Austria-Hungary as Friedrich August von Hayek and frequently known as F. A. Hayek, was an Austrian, later British, economist and philosopher best known for his defense of classical liberalism. In 1974, Hayek shared the Nobel Memorial Prize in Economic Sciences.

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