“Hayek emphasized the importance of rules. He thought that what society should do is not to direct the individual in his or her particular actions, but to create a metaphysical structure, as it were, enforced by rules or laws, that create stable expectations and thus allow rational action.”

Hayek's Journey: The Mind of Friedrich Hayek (2003)

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Alan O. Ebenstein 47
American political scientist, educator and author 1959

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“All rational action is economic. All economic activity is rational action. All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.”

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