The first thing a man will do for his ideals is lie.

I set out to become the greatest lover in Vienna, the greatest horseman in Austria, and the greatest economist in the world. Alas, for the illusions of youth: as a horseman, I was never really first-rate.

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.

Our poverty will be brought home to us to its full extent only after the war.

Success depends on intuition, on seeing what afterwards proves true but cannot be established at the moment.

The very foundation of private property and free contracting wears away in a nation in which its most vital, most concrete, most meaningful types of private property and free contracting disappear from the moral horizon of the people.

The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process