Neither the entrepreneurs nor the farmers nor the capitalists determine what has to be produced. The consumers do that.

Western civilization is based upon the libertarian principle, and all its achievements are the results of the action of free men.

If people do not consume their whole incomes, the non-consumed surplus can be invested, it increases the amount of capital goods available and thereby makes it possible to embark upon projects which could not be executed before.

No one can escape the influence of a prevailing ideology.

Society is joint action and cooperation in which each participant sees the other partner's success as a means for the attainment of his own.

There cannot be stable money within an environment dominated by ideologies hostile to the preservation of economic freedom.

We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of production. Such absolutely perfect solutions of any problem are out of reach of mortal men. What the operation of a market not sabotaged by the interference of compulsion and coercion can bring about is merely the best solution accessible to the human mind under the given state of technological knowledge and the intellectual abilities of the age's shrewdest men.