The body of economic knowledge is an essential element in the structure of human civilization; it is the foundation upon which modern industrialism and all the moral, intellectual, technological, and therapeutical achievements of the last centuries have been built.

Those politicians, professors and union bosses who curse big business are fighting for a lower standard of living.

The distinctive principle of Western social philosophy is individualism.

Every extension of the functions and power of the State beyond its primary duty of maintaining peace and justice should be scrutinized with jealous vigilance.

If men do not now succeed in abolishing war, civilization and mankind are doomed.

The program of liberalism if condensed into a single word, would have to read: property, that is, private ownership of the means of production.

The riches of successful entrepreneurs is not the cause of anybody's poverty; it is the consequence of the fact that the consumers are better supplied than they would have been in the absence of the entrepreneur's efforts.