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Friedrich A. Hayek

“Fourth, there is the important point that an order arising from the separate decisions of many individuals on the basis of different information cannot be determined by a common scale of the relative importance of different ends.”

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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