[The consumer is] the supreme mover of economic order... for whom all goods are made and towards whom all economic activity is directed.

The most fundamental form of integrative power is the power of love.

Economics, we learn in the history of thought, only became a science by escaping from the casuistry and moralizing of medieval thought.

Production functions involving only land, labor and capital... never work and never explain economic development.

We never like to admit to ourselves that we have made a mistake. Organizational structures tend to accentuate this source of failure of information.

The human condition can almost be summed up in the observation that, whereas all experiences are of the past, all decisions are about the future. It is the great task of human knowledge to bridge this gap and to find those patterns in the past which can be projected into the future as realistic images.

A world of unseen dictatorship is conceivable, still using the forms of democratic government.