The credit which the apparent conformity with recognized scientific standards can gain for seemingly simple but false theories may, as the present instance shows, have grave consequences.
Friedrich August von HayekAbout author
- Author's profession: Economist
- Nationality: austrian
- Born: May 8, 1899
- Died: March 23, 1992
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In Highland New Guinea, now Popua New Guinea, a British district officer named James Taylor contacted a mountain village, above three thousand feet, whose tribe had never seen any trace of the outside world. It was the 1930s. He described the courage of one villager. One day, on the airstrip hacked from the mountains near his village, this man cut vines and lashed himself to the fuselage of Taylor's airplane shortly before it took off. He explained calmly to his loved ones that, no matter...
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Economic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction. The businessman's tool is values; the bureaucrat's tool is fear.
Ayn Rand