“To act on the belief that we possess the knowledge and the power… 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.”[1] So said the Austrian-British thinker Friederich August von Hayek in his 1974 Nobel Prize acceptance speech.Hayek was an economist, political philosopher and social theorist. Having survived fighting in the First World War and being infected by the Spanish flu, he dedicated his life to building a better world through economics.
