The prerequisite for more economic equality in the world is industrialization. And this is possible only through increased capital investment, increased capital accumulation.

Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in our sense of the word All economic change, therefore, would involve operations the value of which could neither be predicted beforehand nor ascertained after they had taken place. Everything would be a leap in the dark. Socialism is the renunciation of rational economy.

It has always been the task of the new generation to provoke changes.

Economics is not about things and tangible material objects; it is about men, their meanings and actions.

The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.

Under the gold standard gold is money and money is gold. It is immaterial whether or not the laws assign legal tender quality only to gold coins minted by the government.

Socialist society is a society of officials.