"It may well be that the chemist or physiologist is right when he decides that he will become a better chemist or physiologist if he concentrates on his subject at the expense of his general education. But in the study of society exclusive concentration on a speciality has a peculiarly baneful effect: it will not merely prevent us from being attractive company or good citizens but may impair our competence in our proper field—or at least for some of the most important tasks we have to perform. The physicist who is only a physicist can still be a first class physicist and a most valuable member of society. But nobody can be a great economist who is only an economist—and I am even tempted to add that the economist who is only an economist is likely to become a nuisance if not a positive danger."
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Studies in Philosophy, Politics and Economics
Studies in Philosophy, Politics and Economics is a book written by Friedrich Hayek published in 1967. It is a collection of twenty-five essays and lectures, most of which were previously published between the 1949 and 1967. The scope of topics epistemology, history of ideas, specialisation, Hume, spontaneous order, the liberal social order, the transmission of liberal economic ideas, and a variety of other topics on philosophy, politics, and economics. The volume was followed up eleven years lat
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