Friedrich Hayek Quote

Is it really likely that a National Planning Officer would have a better judgement of 'the number of cars, the number of generators, and the quantities of frozen foods we are likely to require in, say, five years,' than Ford or General Motors etc., and, even more important, would it even be desirable that various companies in an industry all act on the same guess?


New Studies in Philosophy Politics, Economics and the History of Ideas (1978)

Picture Quote 1

Is it really likely that a National Planning Officer would have a better judgement of 'the number of cars, the number of generators, and the...

Picture Quote 2

Is it really likely that a National Planning Officer would have a better judgement of 'the number of cars, the number of generators, and the...

Picture Quote 3

Is it really likely that a National Planning Officer would have a better judgement of 'the number of cars, the number of generators, and the...

Picture Quote 4

Is it really likely that a National Planning Officer would have a better judgement of 'the number of cars, the number of generators, and the...