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According to Hayek, centralized planning by the government tramples upon individual liberty. The "risk of dictatorship that inevitably emerges from governmental control of economic decision-making," he said. But he left open the possibility of government involvement.
He was an adherent of the Austrian School of Economics and a supporter of free-market capitalism. Additionally, he believed that free markets promoted the innovation, entrepreneurship, and creativity required for nations to grow and their citizens to prosper. In terms of methodology, Hayek criticised "scientism"—the social sciences' imitation of those employed in the physical sciences. He argued that because social science, which includes economics, focuses on people rather than things, it can only do so by taking into account human objectives. Without a shared set of principles, planners would eventually impose their own set of principles on society, according to Hayek. In other words, government planners were unable to perform their duties without influencing matters outside of politics and economics.
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