Our predicament is not the difficulty of attaining happiness, but the difficult of avoiding the misery to which the pursuit of happiness exposes us.

The rule of law bakes no bread, it is unable to distribute loaves or fishes (it has none), and it cannot protect itself against external assault, but it remains the most civilized and least burdensome conception of a state yet to be devised.

In political activity, then, men sail a boundless and bottomless sea; there is neither harbour for shelter nor floor for anchorage, neither starting-place nor appointed destination. The enterprise is to keep afloat on an even keel.

To be conservative, then, is to prefer the familiar to the unknown, to prefer the tried to the untried, fact to mystery, the actual to the possible, the limited to the unbounded, the near to the distant, the sufficient to the superabundant, the convenient to the perfect, present laughter to utopian bliss.

Economics is not an attempt to generalize human desires or human behavior; but to generalize the phenomena of price.

Our predicament is not the difficulty of attaining happiness, but the difficult of avoiding the misery to which the pursuit of happiness exposes us.

Politics I take to be the activity of attending to the general arrangements of a set of people whom chance or choice have brought together. In this sense, families, clubs, and learned societies have their 'politics'. But the communities in which this manner of activities is pre-eminent are the hereditary co-operative groups, many of them of ancient lineage, all of them aware of a past, a present and a future, which we call states.