The policy of letting the free market determine the height of wage rates is the only reasonable and successful full-employment policy.

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

Marx and Engels openly declared that the progressive income tax and the death tax are 'economically untenable' and that they advocated them only because 'they necessitate further inroads' upon the capitalist system and are 'unavoidable' as a means of bringing about socialism.

Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.

In spite of the anticapitalistic policies of all governments and of almost all political parties, the capitalist mode of production

The study of economics has been again and again led astray by the vain idea that economics must proceed according to the pattern of other sciences.

The history of mankind is the history of ideas.