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.

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.

The reporter is the daily prisoner of clocked facts. On all working days, he is expected to do his best in one swift swipe at each story.

As far as I know, only a small minority of mathematicians, even of those with Platonist views, accept the idea that there may be mathematical facts which are true but unknowable.

Facts do not speak for themselves. They speak for or against competing theories. Facts divorced from theories or visions are mere isolated curiosities.

The truth is more important than the facts.

Rude contact with facts chased my visions and dreams quickly away, and in their stead I beheld the horrors, the corruption, the evils and hypocrisy of society, and as I stood among them, a young wife, a great wail of agony went out from my soul.

We don't focus as much in schools on educational knowledge which requires thinking and application, as we do on acquiring facts.

He is indebted to his memory for his jests and to his imagination for his facts.

Facts, according to my ideas, are merely the elements of truths, and not the truths themselves; of all matters there are none so utterly useless by themselves as your mere matters of fact.

The intelligence investigation under the leadership of Senator Church, which I know has helped cause this investigation by you, points out that the agencies did not disclose certain facts to us and that certain plots were going on.

There are no eternal facts, as there are no absolute truths.

Facts can be turned into art if one is artful enough.

Exclusively oral cultures are unencumbered by dead knowledge, dead facts. Libraries, on the other hand, are full of them.

Truth in science is always determined from observational facts.

I have fully cooperated with the investigation and before the grand jury, and I'm quite confident at the end of the day that we'll know what facts are in this particular case.

When it comes to atoms, language can be used only as in poetry. The poet, too, is not nearly so concerned with describing facts as with creating images.

Neither facts nor pictures seem to sink into our centers of feeling any more.

One of the most obvious facts about grown-ups, to a child, is that they have forgotten what it is like to be a child.

I knew the wild riders and the vacant land were about to vanish forever... and the more I considered the subject, the bigger the forever loomed. Without knowing how to do it, I began to record some facts around me, and the more I looked the more the panorama unfolded.

Facts are, insurance ratings are really dependent on the notion that some people are higher risk than others.