Government creates the market and law. Law is not the negation of liberty; it is its fulfillment. Right law is not a restriction on people’s liberty;… - Alan O. Ebenstein

Hayek never really departed from the essential economic theory that he developed during the 1920s, although he expanded and deepened his analysis.

Hayek did not believe that the same sort of prediction—and therefore control—that is possible in the natural sciences is attainable in the realm of society. At best, he thought, only a “pattern” of the future can be predicted in social life. He thought that to attempt to formulate laws of societal development akin to the laws of the physical sciences, as Marx attempted, is doomed to failure.

Hayek’s view was that all the knowledge that is possible of a circumstance is a theory of the circumstance—that is, there is no such thing as pure sensation. There is, rather, a theory of sensation.