Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action and concerns everybody and everything. It is the pith of civilization and of man's human existence.

It is not conclusive proof of a doctrine's correctness that its adversaries use the police, the hangman, and violent mobs to fight it. But it is a proof of the fact that those taking recourse to violent oppression are in their subconscious convinced of the untenability of their own doctrines.

The worst evils which mankind has ever had to endure were inflicted by bad governments.

Our whole civilization rests on the fact that men have always succeeded in beating off the attack of the re-distributors.

Value is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment. Neither is value in words and doctrines, it is reflected in human conduct. It is not what a man or groups of men say about value that counts, but how they act.

In the bureaucratic machine of socialism the way toward promotion is not achievement but the favor of the superiors.

The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.