1899 – 1992
Friedrich August von Hayek CH (8 May 1899 – 23 March 1992) was an Austrian, later British, economist and philosopher best known for his defense of classical liberalism. In 1974, Hayek shared the Nobel Memorial Prize in Economic Sciences (with Gunnar Myrdal) for his "pioneering work in the theory of money and economic fluctuations and … penetrating analysis of the interdependence of economic, social and institutional phenomena". (Nobel Memorial Prize, 1974)
From: Wikiquote (CC BY-SA 4.0)
When the course of civilization takes an unexpected turn — when, instead of the continuous progress which we have come to expect, we find ourselves threatened by evils associated by us with past ages of barbarism — we naturally blame anything but ourselves. Have we not all striven according to our best lights, and have not many of our finest minds incessantly worked to make this a better world? Have not all our efforts and hopes been directed toward greater freedom, justice, and prosperity? If the outcome is so different from our aims — if, instead of freedom and prosperity, bondage and misery stare us in the face — is it not clear that sinister forces must have foiled our intentions, that we are the victims of some evil power which must be conquered before we can resume the road to better things? However much we may differ when we name the culprit — whether it is the wicked capitalist or the vicious spirit of a particular nation, the stupidity of our elders, or a social system not yet, although we have struggled against it for half a century, fully overthrown — we all are, or at last were until recently, certain of one thing: that the leading ideas which during the last generation have become common to most people of good will and have determined the major changes in our social life cannot have been wrong. We are ready to accept almost any explanation of the present crisis of our civilization except one: that the present state of the world may be the result of genuine error on our own part and that the pursuit of some of our most cherished ideals has apparently produced results utterly different from those which we expected.
"In the first instance, it is probably true that in general the higher the education and intelligence of individuals becomes, the more their views and tastes are differentiated and the less likely they are to agree on a particular hierarchy of values. It is a corollary of this that if we wish to find a high degree of uniformity and similarity of outlook, we have to descend to the regions of lower moral and intellectual standards where the more primitive and "common" instincts and tastes prevail. This does not mean that the majority of people have low moral standards; it merely means that the largest group of people whose values are very similar are the people with low standards. It is, as it were, the lowest common denominator which unites the largest number of people. If a numerous group is needed, strong enough to impose their views on the values of life on all the rest, it will never be those with highly differentiated and developed tastes -it will be those who form the "mass" in the derogatory sense of the term, the least original and independent, who will be able to put the weight of their numbers behind their particular ideals."
The man of system, on the contrary, is apt to be very wise in his own conceit; and is often so enamoured with the supposed
beauty of his own ideal plan of government, that he cannot suffer the smallest deviation from any part of it. He goes on to
establish it completely and in all its parts, without any regard either to the great interests, or to the strong prejudices which
may oppose it. He seems to imagine that he can arrange the different members of a great society with as much ease as the
hand arranges the different pieces upon a chess-board. He does not consider that the pieces upon the chess-board have no other
principle of motion besides that which the hand impresses upon them; but that, in the great chess-board of human society, every
single piece has a principle of motion of its own, altogether different from that which the legislature might chuse to impress
upon it. If those two principles coincide and act in the same direction, the game of human society will go on easily and
harmoniously, and is very likely to be happy and successful. If they are opposite or different, the game will go on miserably,
and the society must be at all times in the highest degree of disorder.
All political theories assume, of course, that most individuals are very ignorant. Those who plead for liberty differ from the rest in that they include among the ignorant themselves as well as the wisest. Compared with the totality of knowledge which is continually utilized in the evolution of a dynamic civilization, the difference between the knowledge that the wisest and that the most ignorant individual can deliberately employ is comparatively insignificant.