There is no remedy for the inefficiency of public management.

The state can be and has often been in the course of history the main source of mischief and disaster.

Economic control is not merely control of a sector of human life that can be separated from the rest; it is the control of the means for all our ends.

Whether we like it or not, it is a fact that economics cannot remain an esoteric branch of knowledge accessible only to small groups of scholars and specialists. Economics deals with society's fundamental problems; it concerns everyone and belongs to all. It is the main and proper study of every citizen.

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.

No matter how efficient school training may be, it would only produce stagnation, orthodoxy, and rigid pedantry if there were no uncommon men pushing forward beyond the wisdom of their tutors.

The study of economics has been again and again led astray by the vain idea that economics must proceed according to the pattern of other sciences.