There mere idea that the planning authority could ever possess a complete inventory of the amounts and qualities of all the different materials and instruments of production of which the manager of a particular plant will know or be able to find out makes the whole proposal a somewhat comic fiction. Once this is recognised it becomes obvious that what prices ought to be can never be determined without relying on competitive markets.
Friedrich HayekRelated topics
able authority comic complete different fiction find idea inventory manager mere once ought particular planning plant production proposal somewhatRelated quotes
'War,' says Machiavelli, 'ought to be the only study of a prince' and by a prince he means every sort of state, however constituted. 'He ought,' says this great political doctor, 'to consider peace only as a breathing-time, which gives him leisure to contrive, and furnishes ability to execute military plans. 'A meditation on the conduct of political societies made old Hobbes imagine that war was the state of nature.
Edmund Burke
The public has lost the habit of movie-going because the cinema no longer possesses the charm, the hypnotic charisma, the authority it once commanded. The image it once held for us all - that of a dream we dreamt with our eyes open - has disappeared. Is it still possible that one thousand people might group together in the dark and experience the dream that a single individual has directed.
Federico Fellini
There used to be a thing or a commodity we put great store by. It was called the People. Find out where the People have gone. I don't mean the square-eyed toothpaste-and-hair-dye people or the new-car-or-bust people, or the success-and-coronary people. Maybe they never existed, but if there ever were the People, that's the commodity the Declaration was talking about, and Mr. Lincoln.
John Steinbeck
No mockery in this world ever sounds to me so hollow as that of being told to cultivate happiness. What does such advice mean? Happiness is not a potato, to be planted in mould, and tilled with manure. Happiness is a glory shining far down upon us out of Heaven. She is a divine dew which the soul, on certain of its summer mornings, feels dropping upon it from the amaranth bloom and golden fruitage of Paradise.
Charlotte Brontë
When I received the Nobel Prize, the only big lump sum of money I have ever seen, I had to do something with it. The easiest way to drop this hot potato was to invest it, to buy shares. I knew that World War II was coming and I was afraid that if I had shares which rise in case of war, I would wish for war. So I asked my agent to buy shares which go down in the event of war. This he did. I lost my money and saved my soul.
Albert Szent-Györgyi
