Quotes from Bruce Caldwell

Nothing is solved when we assume everybody to know everything and that the real problem is rather how it can be brought about that as much of the available knowledge as possible is used. This raises for a competitive society the question, now how we can 'find' the people who know best, but rather what institutional arrangements are necessary in order that the unknown persons who have knowledge specially suited to a particular task are more likely to be attracted to that task.

On the more technical kind of economics my advance was impeded by my inadequate knowledge of mathematics which I had never found helpful in my work, even at such times as when I had temporarily mastered the particular techniques required, but felt not to be worth the effort to acquire real competence merely to be able to refute or criticize the work of others—as I now recognize, a serious mistake

Grandiose, pomp- ous, ever confident of his own brilliance (early in life he decided he had read enough, and thereafter practiced a "cerebral hygiene," refusing to read anything new), he felt he had discovered laws governing the development of the human race that were "as definite as those determining the fall of a stone".

Ayn Rand described Hayek's book as "pure poison"; Frank Chodorov "thought the program verged on intellectual cowardice"; libertarian economist Walter Block was probably not alone in thinking him only "a weak and conflicted supporter of the market"; and Hans-Hermann Hoppe referred to "Hayek's social-democratic theory of government".