In the long run all producers are forced to use the most efficient methods or give place to others who do.

I have been....moved to wonder whether my job is a job or a racket, whether economists, and particularly economic theorists, may not be in the position that Cicero, citing Cato, ascribed to the augurs of Rome-that they should cover their faces or burst into laugher when they met on the street.

Never waste any time you can spend sleeping.

There is no sense in making statements that will not continue to be true after they are made.

The probability of the people in power being individuals who would dislike the possession and exercise of power is on a level with the probability that an extremely tender-hearted person would get the job of whipping-master in a slave plantation.

Market competition is the only form of organization which can afford a large measure of freedom to the individual.

Conflicting economic interest is relatively unimportant as a cause of war.