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Friedrich A. Hayek

“To the naive mind that can conceive of order only as the product of deliberate arrangement, it may seem absurd that in complex conditions order, and adaptation to the unknown, can be achieved more effectively by decentralising decisions, and that a division of authority will actually extend the possibility of overall order. Yet that decentralisation actually leads to more information being taken into account.”

Friedrich A. Hayek, The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1)
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The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1) (Volume 1) The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1) by Friedrich A. Hayek
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