There may be few instances in which the superstition that only measurable magnitudes can be important has done positive harm in the economic field: but the present inflation and employment problems are a very serious one.


Unemployment and monetary policy: government as generator of the "business cycle" (ed. Cato Inst, 1979)

Friedrich Hayek Quotes

There may be few instances in which the superstition that only measurable magnitudes can be important has done positive harm in the economic field:...

There may be few instances in which the superstition that only measurable magnitudes can be important has done positive harm in the economic field:...

There may be few instances in which the superstition that only measurable magnitudes can be important has done positive harm in the economic field:...

There may be few instances in which the superstition that only measurable magnitudes can be important has done positive harm in the economic field:...