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.
That comes from The Constitution of Liberty which fact you might be hard-pressed to discover from Freedom's Nest, whom I went to for that quote. Hayek won his Nobel Prize for his contributions on Knowledge and how it relates to markets. Here are the Freedom's Nest quotes of Hayek on knowledge and ignorance.
If you want to decide for yourself whether to learn more about Hayek, read this review of a biography of him.
If you go to the Constitution of Libery link above, you'll see my sad excuse for a review.
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