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"There may be few instances in which the superstition that only measurable magnitudes can be important has done positive harm in the economic field: but the present inflation and employment problems are a very serious one."

— Friedrich August von Hayek
friedrich august von hayek Quotes Instance,Superstitions,Magnitude

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Friedrich August von Hayek
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Superstitions
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Economic
Employment
Inflation
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If the resources of different nations are treated as exclusive properties of these nations as wholes, if international economic relations, instead of being relations between individuals, become increasingly relations between whole nations organized as trading bodies, they inevitably become the source of friction and envy between whole nations.

— Friedrich August von Hayek

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the principal sources of human misery may fairly be said to lie in the over-possession, under-possession, and the unwise use of economic goods.

— Georgia Harkness

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