Principium Volume II, Book 10, Quote 1000, 1002, 1006

1000. (11-29-2010) …the case for individual freedom rest chiefly on the recognition of the inevitable ignorance of all of us concerning a great many of the factors on which the achievement of our ends and welfare depends.

- Friedrich A. Hayek – The Constitution of Liberty, 1978


1002. (11-30-2010) Liberty is essential in order to leave room for the unforeseeable and unpredictable; we want it because we have learned to expect from it the opportunity of realizing many of our aims. It is because every individual knows so little and, in particular, because we rarely know which of us knows best that we trust the independent and competitive efforts of many to induce the emergence of what we shall want when we see it.

- Friedrich A. Hayek – The Constitution of Liberty, 1978


1006. (11-30-2010) It is through the mutually adjusted efforts of many people that more knowledge is utilized than any one individual possesses or than it is possible to synthesize intellectually; and it is through such utilization of dispersed knowledge that achievements are made possible greater than any single mind can foresee. It is because freedom means the renunciation of direct control of individual efforts that a free society can make use of so much more knowledge than the mind of the wisest ruler could comprehend.

- Friedrich A. Hayek – The Constitution of Liberty, 1978

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