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 development of capitalism consists in everyone having the right to serve the consumer better or more cheaply.

The market system is the basis of our civilization. Its only alternative is the Führer principle.

In talking about equality and asking vehemently for its realization, nobody advocates a curtailment of his own present income.

Value is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment. Neither is value in words and doctrines, it is reflected in human conduct. It is not what a man or groups of men say about value that counts, but how they act.

It is merely a metaphor to call competition competitive war, or simply, war. The function of battle is destruction; of competition, construction.

The unpopularity of economics is the result of its analysis of the effects of privileges. It is impossible to invalidate the economists demonstration that all privileges hurt the interests of the rest of the nation or at least a great part of it.