“Our moral traditions developed concurrently with our reason, not as its product.”
Friedrich August von Hayek
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Friedrich August von Hayek
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It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only those individuals know.
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If most people are not willing to see the difficulty, this is mainly because, consciously or unconsciously, they assume that it will be they who will settle these questions for the others, and because they are convinced of their own capacity to do this.
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We have indeed at the moment little cause for pride: as a profession we have made a mess of things.
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Our moral traditions developed concurrently with our reason, not as its product.
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I have arrived at the conviction that the neglect by economists to discuss seriously what is really the crucial problem of our time is due to a certain timidity about soiling their hands by going from purely scientific questions into value questions.
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