The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

The freedom that will be used by only one man in a million may be more important to society and more beneficial to the majority than any freedom that we all use.

I was quite depressed two weeks ago when I spent an afternoon at Brentano's Bookshop in New York and was looking at the kind of books most people read. That seems to be hopeless; once you see that you lose all hope.

That democratic socialism, the great utopia of the last few generations, is not only unachievable, but that to strive for it produces something so utterly different that few of those who wish it would be prepared to accept the consequences, many will not believe until the connection has been laid bare in all its aspects.

The central problem of management is how spontaneous interaction of people within a firm, each possessing only bits of knowledge, can bring about the competitive success that could only be achieved by the deliberate direction of a senior management that possesses the combined knowledge of all employees and contractors

Wherever liberty as we understand it has been destroyed, this has almost always been done in the name of some new freedom promised to the people

The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception.