"We know: of course, with regard to the market and similar social structures, a great many facts which we cannot measure and on which indeed we have only some very imprecise and general information"

This quote by Friedrich August von Hayek speaks with the intricacy of the marketplace and also other social structures. He acknowledges that there is a lot of details that we understand about these structures, yet that it is typically challenging to measure and evaluate. This results from the truth that the info we have is frequently imprecise and also general. This is likely as a result of the fact that the marketplace and also other social structures are frequently altering as well as progressing, making it difficult to accurately gauge and measure the information. Hayek's quote talks to the complexity of the marketplace and also various other social structures, and the difficulty of precisely determining as well as evaluating the information we have regarding them.