The philosophy of protectionism is a philosophy of war.

The system that would stand midway between capitalism and socialism.

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

Anarchism misunderstands the real nature of man. It would be practicable only in a world of angels and saints

No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure; but the task of economics is to foretell the remoter effects, and so to allow us to avoid such acts as attempt to remedy a present ill by sowing the seeds of a much greater ill for the future.

The first socialists were the intellectuals; they, and not the masses, are the backbone of Socialism.

The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren's epitaph in St. Paul's: 'If you seek his monument, look around.'