Quote by Friedrich August von Hayek

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.

To act on the belief that we possess the knowledge and the p

Summary

This quote suggests that confidently believing we have complete knowledge and power to control societal processes can lead to harmful consequences. It highlights the danger of overestimating our understanding of complex social systems and underestimating the potential negative consequences of our actions. By acknowledging the limitations of our knowledge, we can approach societal changes with humility and caution, avoiding potential harm that may arise from misguided attempts to shape society to our desired outcome.

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By Friedrich August von Hayek

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