Justification, in terms of the broadening of freedom, for any particular form of institution of property must be argued in terms of whether the losses caused by the restrictions imposed are greater or less than the gains derived from the elimination of costly conflict.

The ability to work with systems of general equilibrium is perhaps one of the most important skills of the economist - a skill which he shares with many other scientists, but in which he has perhaps a certain comparative advantage.

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

Humble, honest, ignorance is one of the finest flowers of the human spirit

Where there is hypocrisy, there is hope.

Consumption is the death of capital, and the only valid arguments in favor of consumption are arguments in favor of death itself.

The economy of the future might be called the "spaceman economy," in which the earth has become a single spaceship, without unlimited reservoirs of anything.