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.

The idea that human kind can shape the world according to wish is what I call the fatal conceit

Liberty is an opportunity for doing good, but this is only so when it is also an opportunity for doing wrong.

By the time any view becomes a majority view, it is no longer the best view: somebody will already have advanced beyond the point which the majority have reached.

We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice.

You can have economic freedom without political freedom, but you cannot have political freedom without economic freedom.

Though freedom and wealth are both good things which most of us desire and though we often need both to obtain what we wish, they still remain different. Whether or not I am my own master and can follow my own choice and whether the possibilities from which I must choose are many or few are two entirely different questions. The courtier living in the lap of luxury but at the beck and call of his prince may be much less free than a poor peasant or artisan, less able to live his own life and to choose his own opportunities for usefulness.