All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.

The market economy is the social system of the division of labor under private ownership of the means of production. Everybody acts on his own behalf; but everybodys actions aim at the satisfaction of other peoples needs as well as at the satisfaction of his own. Everybody in acting serves his fellow citizens.

This dilettantish inability to comprehend the essential issues of the conduct of production affairs is not only manifested in the writings of Marx and Engels. It permeates no less the contributions of contemporary pseudo-economics.

Each epoch has found in the Gospels what it sought to find there, and has overlooked what it wished to overlook.

The characteristic feature of a free society is that it can function in spite of the fact that its members disagree in many judgments of value. Freedom really means the freedom to make mistakes.

What makes small business develop into big business is not spending, but saving and capital accumulation.

Fortunes cannot grow; someone has to increase them.