The perennial gale of creative destruction

The typical citizen drops down to a lower level of mental performance as soon as he enters the political field. He argues and analyzes in a way which he would readily recognize as infantile within the sphere of his real interests. He becomes primitive again.

Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.

The ballot is stronger than bullets.

Can capitalism survive? No. I do not think it can.

Innovation is the market introduction of a technical or organisational novelty, not just its invention.

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