Any man who is only an economist is unlikely to be a good one.

... that order generated without design can far outstrip plans men consciously contrive

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

The Nobel Prize confers on an individual an authority which in economics no man ought to possess.

Liberty'''.that condition of man in which coercion of some by others is reduced as much as possible in society

It can hardly be denied that such a demand quite arbitrarily limits the facts which are to be admitted as possible causes of the events which occur in the real world.

All political theories assume, of course, that most individuals are very ignorant. Those who plead for liberty differ from the rest in that they include among the ignorant themselves as well as the wisest. Compared with the totality of knowledge which is continually utilized in the evolution of a dynamic civilization, the difference between the knowledge that the wisest and that the most ignorant individual can deliberately employ is comparatively insignificant.