American authors or scientists are prone to consider the wealthy businessman as a barbarian, as a man exclusively intent upon making money.

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.

Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace.

Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.

Do the American voters know that the unprecedented improvement in their standard of living that the last hundred years brought was the result of the steady rise in the per-head quota of capital invested? Do they realize that every measure leading to capital decumulation jeopardizes their prosperity?

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

The main achievement of economics is that it has provided a theory of peaceful human cooperation. This is why the harbingers of violent conflict have branded it as a dismal science and why this age of wars, civil wars, and destruction has no use for it.