If people do not consume their whole incomes, the non-consumed surplus can be invested, it increases the amount of capital goods available and thereby makes it possible to embark upon projects which could not be executed before.

Continued adherence to a policy of compulsory education is utterly incompatible with efforts to establish lasting peace.

The Welfare State is merely a method for transforming the market economy step by step into socialism.

Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things.

Capital does not 'beget profit' as Marx thought. The capital goods as such are dead things that in themselves do not accomplish anything. If they are utilized according to a good idea, profit results. If they are utilized according to a mistaken idea, no profit or losses result. It is the entrepreneurial decision that creates either profit or loss.

The issue is always the same: the government or the market. There is no third solution.

Progress is precisely that which rules and regulations did not foresee.