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.

This means that to entrust to science - or to deliberate control according to scientific principles - more than scientific method can achieve may have deplorable effects.

We have indeed at the moment little cause for pride: as a profession we have made a mess of things.

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.

A claim for equality of material position can be met only by a government with totalitarian powers.

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.

We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium.

'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.

The credit which the apparent conformity with recognized scientific standards can gain for seemingly simple but false theories may, as the present instance shows, have grave consequences.

The mind cannot foresee its own advance.

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

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.

It can hardly be denied that such a demand quite arbitrarily limits the facts which are to be admitted as possible causes of the events which occur in the real world.

Our moral traditions developed concurrently with our reason, not as its product.

Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom.

If we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion.

We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice.

Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - an authoritarian determination of the status of each individual in the new hierarchical order.

I regard it in fact as the great advantage of the mathematical technique that it allows us to describe, by means of algebraic equations, the general character of a pattern even where we are ignorant of the numerical values which will determine its particular manifestation.

It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide.

The progress of the natural sciences in modern times has of course so much exceeded all expectations that any suggestion that there may be some limits to it is bound to arouse suspicion.

Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freedom.

Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a physical theory, a scientist would certainly be expected to give precise information?

We know: of course, with regard to the market and similar social structures, a great many facts which we cannot measure and on which indeed we have only some very imprecise and general information.

I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.

Intellects whose desires have outstripped their understanding.

He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants.

To act on the belief that we possess the knowledge and the power which enable us to shape the processes of society entirely to our liking, knowledge which in fact we do not possess, is likely to make us do much harm.

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

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.

And their conviction is that if it is done with that kind of purity it will go somewhere. I believe that with all my heart, but I'm not responsible for its going somewhere.

The compensation of a very early success is a conviction that life is a romantic matter. In the best sense one stays young.

Ronald Reagan's well documented final battles with Alzheimer's disease were fought with the same conviction and courage that his many public battles were fought.

Many hard comments have been made on my efforts in India from the side of the Congress party, yet I feel content in the deep conviction that the offer I traveled 22,000 miles to discuss with Indian leaders was a real contribution to a solution of our differences.

For a successful revolution it is not enough that there is discontent. What is required is a profound and thorough conviction of the justice, necessity and importance of political and social rights.

I was induced to establish several orders of merit, from conviction that emulation, well directed, becomes a useful servant; and, that the latent genius of some youth is more easily brought into action this way, than by the more sordid gratification of self-interest.

Music is a hobby, because I'm not making any money out of it, but I put just as much conviction into that as I do into my acting.

The deepest thing in any one is the conviction of the bad luck that follows boasting.

One of the dreariest spots on life's road is the point of conviction that nothing will ever again happen to you.

Insurance - an ingenious modern game of chance in which the player is permitted to enjoy the comfortable conviction that he is beating the man who keeps the table.

The whole conviction of my life now rests upon the belief that loneliness, far from being a rare and curious phenomenon, peculiar to myself and to a few other solitary men, is the central and inevitable fact of human existence.

Hope is not the conviction that something will turn out well but the certainty that something makes sense, regardless of how it turns out.

It was very important that it be done in such a way that it be executed with complete conviction. If I had done it both ways, if I was trying to cover myself in case it didn't work, then it would have been to no purpose.

Courage and conviction are powerful weapons against an enemy who depends only on fists or guns. Animals know when you are afraid; a coward knows when you are not.

I retired from public Business from a thorough Conviction that it was not in my Power to do any Good, and very much disgusted with Measures, which appeared to me inconsistent with common Policy and Justice.

And indeed this theme has been at the centre of all my research since 1943, both because of its intrinsic fascination and my conviction that a knowledge of sequences could contribute much to our understanding of living matter.

My personal conviction is that science is concerned wholly with truth, not with ethics.

There was an implicit conviction that the UN would be stronger than the sum of its constituent member-states.

A large part of the present anxiety to improve the education of girls and women is also due to the conviction that the political disabilities of women will not be maintained.