“If in . . . personal transactions, where all the conditions of the case were known to me, I have so often miscalculated, how much oftener shall I miscalculate in political affairs, where the conditions are too numerous, too widespread, too complex, too obscure to be understood. . . . [W]hen I remember how many of my private schemes have miscarried — how speculations have failed, agents proved dishonest, marriage been a disappointment — how my carefully-governed son has turned out worse than most children — how the thing I desperately strove against as a misfortune did me immense good . . . whilst the objects I ardently pursued brought me little happiness when gained — when I recall these and hosts of like facts, I am struck with the incompetence of my intellect to prescribe for society.” (The Man Versus The State, with Six Essays on Government, Society, and Freedom)
thadfordj.com is an educational website created and maintained by Thad Jackson, instructor of economics at Arkansas State University.