Hayek's death, 20 years on

“All political theories assume, of course, that most individuals are very ignorant. Those who plead for liberty differ from the rest in that they include among the ignorant themselves as well as the wisest."

“It is because freedom means the renunciation of direct control of individual efforts that a free society can make use of so much more knowledge than the mind of the wisest ruler could comprehend”

— FA Hayek, The Constitution of Liberty. 

Hayek died twenty years ago today. His profound insights into economics and social philosophy might be more important than ever.