Tweet [1]
In today’s Wall Street Journal [2], the scholar after whom this blog is named — to honor him, not to insult him [3] — is quoted; this quotation is from Hayek’s 1960 book, The Constitution of Liberty [4]:
All political theories assume, of course, that most individuals are very ignorant. Those who plead for liberty differ from the rest in that they include among the ignorant themselves as well as the wisest. Compared with the totality of knowledge which is continually utilized in the evolution of a dynamic civilization, the difference between the knowledge that the wisest and that the most ignorant individual can deliberately employ is comparatively insignificant.