Philosophy and Methodology

The first self-conscious school of economic thought developed in France shortly after the publication of Cantillon’s Essai.

The honor of being called the “father of modern economics” belongs not to its usual recipient, Adam Smith, but to a gallicized Irish me

Julian Assange, through WikiLeaks, has made available to society a vast collection of information that undermines the state’s legitimacy.

The environment determines the situation but not the response. To the same situation different modes of reacting are thinkable and feasible.

If the entrepreneur aims at the highest possible profit, he performs a service to society in managing an enterprise. Whoever hinders him from doing this acts against the interests of society and imperils the satisfaction of consumer needs.

Like today’s central bankers, John Law proposed to “supply the nation” with a sufficiency of money.

A man who is obliged to justify his handling of a matter in the eyes of other people often resorts to a pretext.

A man who is obliged to justify his handling of a matter in the eyes of other people often resorts to a pretext. As the motive of his deviation from the most suitable way of procedure he ascribes another reason than that which actually prompted him.

It is a hopeless task to interpret a symphony, a painting, or a novel.

There is a fundamental fact about the world that has profound implications for the supply of natural resources and for the relationship between production and economic activity on the one side and man's environment on the other: the entire earth consists of solidly packed chemical elements.