There exists no more democratic institution than the market

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

In economic life competition is never completely lacking, but hardly ever is it perfect.

Profit is the payment you get when you take advantage of change.

The capitalist achievement does not typically consist in providing more silk stocking for queens but in bringing them within the reach of factory girls in return for a steadily decreasing amount of effort.

The religious quality of Marxism also explains a characteristic attitude of the orthodox Marxist toward opponents. To him, as to any believer in a Faith, the opponent is not merely in error but in sin. Dissent is disapproved of not only intellectually but also morally. There cannot be any excuse for it once the Message has been revealed.

There exists no more democratic institution than the market