We shall not grow wiser before we learn that much that we have done was very foolish.

Economists

Born in Vienna in 1899, Hayek

Born in Vienna in 1899, Hayek was the leading Austrian School economist and foremost defender of liberty. The Road to Serfdom (1944) warned that central planning leads to tyranny. Nobel laureate 1974.

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Source: The Road to SerfdomVerified

Born in Vienna in 1899, Hayek's Other Quotes

If socialists understood economics, they wouldn't be socialists.

The more the state plans, the more difficult planning becomes for the individual.

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

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