Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.

Everything brought forward in favor of Socialism during the last hundred years, in thousands of writings and speeches, all the blood which has been spilt by the supporters of Socialism, cannot make socialism workable.

Human action is purposeful behavior.

Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.

A new type of superstition has got hold of people's minds, the worship of the state.

The consumers are asking for, they lose their office. Their task is service to the consumer. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities.

[T]he essence of so-called war prosperity: it enriches some by what it takes from others. It is not rising wealth but a shifting of wealth and income.