In Economics, The Majority Is Always Wrong.

Change Comes Not From Men And Women Changing Their Minds, But From The Change From One Generation To The Next.

Were It Part Of Our Everyday Education And Comment That The Corporation Is An Instrument For The Exercise Of Power, That It Belongs To The Process By Which We Are Governed, There Would Then Be Debate On How That Power Is Used And How It Might Be Made Subordinate To The Public Will And Need. This Debate Is Avoided By Propagating The Myth That The Power Does Not Exist.

Modesty Is A Vastly Overrated Virtue.

No Intelligence System Can Predict What A Government Will Do If It Doesn't Know Itself.

The Seminar In Economic Theory Conducted By Hayek At The L.s.e. In The 1930s Was Attended, It Came To Seem, By All Of The Economists Of My Generation - Nicky Kaldor , Thomas Balogh, L. K. Jah, Paul Rosenstein-rodan, The List Could Be Indefinitely Extended. The Urge To Participate (and Correct Hayek) Was Ruthlessly Competitive.