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… is from page 74 of F.A. Hayek’s brilliant 1945 lecture “Individualism: True and False,” as this essay is reprinted in Studies on the Abuse & Decline of Reason [2], Bruce Caldwell, ed. (2010), which is volume 13 of the Collected Works of F.A. Hayek (footnote deleted):
What individualism teaches us is that society is greater than the individual only in so far as it is free. In so far as it is controlled and directed, it is limited to the powers of the individual minds which control or direct it. If the presumption of the modern mind, which will not accept anything that is not consciously controlled by individual reason, does not learn in time were to stop, we may, as Edmund Burke warned us, “be well assured that everything about us will dwindle by degrees until at length our concerns are shrunk to the dimensions of our minds.”
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