By F. A. Hayek
A cautious and exceptional assertion of the stipulations of human freedom. it's a significant paintings of political and financial philosophy which units phrases that neither its acquaintances or critics can ignore.' - THES
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Additional resources for Law, Legislation and Liberty: A New Statement of the Liberal Principles of Justice and Political Economy
Sample text
And our whole civilization in consequence rests, and must rest, on our believing rnuch that we cannot know to be true in the Cartesian sense. What we must ask the reader to keep constantly in mind throughout this book, then, is the fact of the necessary and irremediable ignorance on everyone's part of most of the particular facts which determine the actions of all the several members of human society. This may at first seem to be a fact so obvious and incontestable as hardly to deserve mention, and still less to require proof.
In the first instance, the incurable ignorance of everyone which I am speaking is the ignorance of particular facts which are or will become kno\vn to somebody and thereby affect the \vhole structure of society. rrhis structure of human activities constantly adapts itself, and functions through adapting itself, to millions of facts which in their entirety are not known to anybody. The significance of this process is most obvious and \\Tas at first stressed in the economic field. As it has been said, 'the economic life of a non-socialist society consists of millions of relations or flows between individual firms and households.
It will perhaps be clear novv that our constant stress on the nonrational character of much of our actions is meant not to belittle or criticize this manner of acting, but, on the contrary, to bring out one of the reasons why it is successful; and not to suggest that we ought to try fully to understand why we do what we do, but to point out that this is impossible; and that we can make use of so 3° REASON AND EVOLUTION much experience, not because we possess that experience, but because, without our knowing it, it has becon1e incorporated in the schemata of thought which guide us.