In reality no food is valued solely for its nutritive power and no garment or house solely for the protection it affords against cold weather and rain.... the demand for goods is widely influenced by metaphysical, religious, and ethical considerations, by aesthetic value judgments, by customs, habits, prejudice, tradition, changing fashions, and many other things.

Unemployment doles can have no other effect than the perpetuation of unemployment.

He who only wishes and hopes does not interfere actively with the course of events and with the shaping of his own destiny.

The supremacy of public opinion determines not only the singular role that economics occupies in the complex of thought and knowledge. It determines the whole process of human history.

In the socialist commonwealth every economic change becomes an undertaking whose success can be neither appraised in advance nor later retrospectively determined. There is only groping in the dark. Socialism is the abolition of rational economy.

Whoever wants peace among nations must seek to limit the state and its influence most strictly.

Nobody can be at the same time a correct bureaucrat and an innovator