The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those who do not.

I regard it in fact as the great advantage of the mathematical technique that it allows us to describe, by means of algebraic equations, the general character of a pattern even where we are ignorant of the numerical values which will determine its particular manifestation.

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

It may be that a free society... carries in itself the forces of its own destruction, that once freedom has been achieved it is taken for granted and ceases to be valued, and that the free growth of ideas which is the essence of a free society will bring about the destruction of the foundations on which it depends.

Fascism is the stage reached after communism has proved an illusion.

To create conditions in which competition will be as effective as possible, to prevent fraud and deception, to break up monopolies- these tasks provide a wide and unquestioned field for state activity.

Social justice rests on the hate towards those that enjoy a comfortable position, namely, upon envy.