The productivity of social cooperation surpasses in every respect the sum total of the production of isolated individuals.

They [intellectuals] coined most of the slogans that guided the butcheries of Bolshevism, Fascism, and Nazism. Intellectuals extolling the delights of murder, writers advocating censorship, philosophers judging the merits of thinkers and authors, not according to the value of their contributions but according to their achievements on battlefields, are the spiritual leaders of our age of perpetual strife.

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

Every collectivist assumes a different source for the collective will, according to his own political, religious and national convictions.

The socialist system, however, forbids this fundamental freedom to choose one's own career. Under socialist conditions, there is only one economic authority, and it has the right to determine all matters concerning production.

Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.

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.