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

from the point of view of fundamental human liberties there is little to choose between communism, socialism, and national socialism. They all are examples of the collectivist or totalitarian state ...

Cuando el curso de la civilización toma un giro insospechado, cuando, en lugar del progreso continuo que esperábamos, nos vemos amenazados por males que asociábamos con las pasadas edades de barbarie, culpamos, naturalmente, a cualquiera menos a nosotros mismos.

Fundamentally, in a system in which the knowledge of the relevant facts is dispersed among many people, prices can act to coordinate the separate actions of different people in the same way as subjective values help the individual to coördinate the parts of his plan.