All people, entrepreneurs as well as non-entrepreneurs, look askance upon any profits earned by other people. Envy is a common weakness of men. People are loath to acknowledge the fact that they themselves could have earned profits if they had displayed the same foresight and judgment the successful businessman did.

The market is not a place, a thing, or a collective entity. The market is a process, actuated by the interplay of the actions of the various individuals cooperating under the division of labor.

It is completely in accord with the etatist thinking prevalent everywhere today to consider a theory to be finally disposed of merely because the authorities who control appointments to academic positions, want to know nothing of it, and to see the criterion of truth in the approval of a government office.

Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.

The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.

War prosperity is like the prosperity that an earthquake or a plague brings.

The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.