I'il n'est pas en notre pouvoir de changer la nature des choses. Il faut les йtudier telles qu'elles sont.

Alas, how many have been persecuted for the wrong of having been right?

The entrepreneur shifts economic resources out of an area of lower and into an area of higher productivity and greater yield.

To the labor of man alone Smith ascribes the power of producing values. This is an error. A more exact analysis demonstrates... that all the values are derived from the operation of labor, or rather from the industry of man, combined with the operation of those agents which nature and capital furnish him.

Supply creates its own demand.

The property a man has in his own industry, is violated, whenever he is forbidden the free exercise of his faculties or talents, except insomuch as they would interfere with the rights of third parties.

Political economy has only become a science since it has been confined to the results of inductive investigation.