The attainment of the economic aims of man presupposes peace.

While under precapitalistic conditions superior men were the masters on whom the masses of the inferior had to attend, under capitalism the more gifted and more able have no means to profit from their superiority other than to serve to the best of their abilities the wishes of the majority of the less gifted.

What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.

It is not enough for [the investor] to know all the factors that can possibly contribute to the determination of a future event. In order to anticipate correctly they must also anticipate correctly the quantity as it were of each factor's contribution and the instant at which its contribution will become effective.

There were nowhere more docile disciples of Lenin, Trotsky and Stalin than the Nazis were.

The philosophy of protectionism is a philosophy of war. The wars of our age are not at variance with popular economic doctrines; they are, on the contrary, the inescapable result of a consistent application of these doctrines.

People do not cooperate under the division of labor because they love or should love one another. They cooperate because this best serves their own interests.