There is all the difference in the world between treating people equally and attempting to make them equal.
Friedrich August von Hayek Quotes
I regard it in fact as the great advantage of the mathematical technique that it allows us to describe, by means of algebraic equations, the general character of a pattern even where we are ignorant of the numerical values which will determine its particular manifestation.
Similar Quotes
Cricket is the greatest game that the wit of man has yet devised. - Sir Pelham Warner
Advertising is selling Twinkies to adults. - Donald R. Vance
The struggle of the male to learn to listen to and respect his own intuitive, inner prompt... - Herb Goldberg
Each generation of the church in each setting has the responsibility of communicating the ... - Francis Schaeffer
Each had defended his own country; the Germans Germany, the Frenchmen France; they had don... - Ernst Toller
Comments on: "Friedrich August von Hayek Quotes: I regard it in fact as the great advantage of the mathematical technique..."
-
[There is] a delusion that macro-economics is both viable and useful (a delusion encouraged by its extensive use of mathematics, which must always impress politicians lacking any mathematical education, and which is really the nearest thing to the practice of magic that occurs among professional economists).
Topics in Uncategorized -
We are only beginning to understand on how subtle a communication system the functioning of an advanced industrial society is based—a communications system which we call the market and which turns out to be a more efficient mechanism for digesting dispersed information than any that man has deliberately designed.
Topics in Uncategorized
Birth: | 8th May, 1899 |
Death: | 23rd March, 1992 |
Nationality: | British |
Profession: | Economist, Philosopher |
Friedrich August von Hayek was born in Vienna, Cisleithania, Austria-Hungary. He was an Austrian-born British economist and philosopher best known for his defense of classical liberalism. He 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." He earned doctorates in law and political science from University of Vienna in 1921 and 1923. He spent most of his academic life at the London School of Economics, the University of Chicago, and the University of Freiburg. He wrote several books include: The Road to Serfdom, The Constitution of Liberty, Law, Legislation and Liberty, The Fatal Conceit, and Individualism and Economic Order. He received the US Presidential Medal of Freedom in 1991 from President George H. W. Bush.
Related Authors
Advertisement
Today's Anniversary - 21st February
Births
- 1977 - Jonathan Safran Foer
- 1963 - William Baldwin
- 1953 - William Louis Petersen
- 1964 - Mark Kelly
- 1903 - Raymond Queneau
Deaths
- 1916 - Sarah Knowles Bolton
- 2003 - Tom Glazer
- 1996 - Morton Gould
- 1677 - Baruch Spinoza
Quote of the day
Popular Topics
About Quoteswave
Our mission is to motivate, boost self confiedence and inspire people to Love life, live life and surf life with words.
Share with your friends