At the heart of capitalism is creative destruction.

Innovations are changes which cannot be decomposed into infinitessimal steps.

Gentlemen, a depression is for capitalism like a good, cold douche.

Recognition of the inevitability of comprehensive bureaucratization does not solve the problems that arise out of it.

The state has been living on a revenue which was being produced in the private sphere for private purposes and had to be deflected from these purposes by political force. The theory that construes taxes on the analogy of club dues or of the purchase of the services of, say, a doctor only proves how far removed this part of the social sciences is from scientific habits of mind.

It is not true that democracy will always safeguard freedom of conscience better than autocracy. Witness the most famous of all trials. Pilate was, from the standpoint of the Jews, certainly the representative of autocracy. Yet he tried to protect freedom. And he yielded to a democracy.

Geniuses and prophets do not usually excel in professional learning, and their originality, if any, is often due precisely to the fact that they do not.