Friedrich Hayek Quote

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)

Picture Quote 1

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

Picture Quote 2

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

Picture Quote 3

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

Picture Quote 4

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