Surely, nothing can be more plain or even more trite common sense than the proposition that innovation [...] is at the center of practically all the phenomena, difficulties, and problems of economic life in capitalist society.

The metal of economic theory is in Marx's pages immersed in such a wealth of steaming phrases as to acquire a temperature not naturally its own.

In one important sense, Marxism is a religion. To the believer it presents, first, a system of ultimate ends that embody the meaning of life and are absolute standards by which to judge events and actions; and, secondly, a guide to those ends which implies a plan of salvation and the indication of the evil from which mankind, or a chosen section of mankind, is to be saved.

I know that it is not enough to be remembered for books and theories. One does not make a difference unless it is a difference in people's lives.

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

There exists no more democratic institution than the market

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