Philosophy and Methodology

Sometimes people—even other economists—are incredulous that the Austrians deny the possibility of interpersonal utility comparisons.

An advisor of Richard Nixon and a friend of most Administration economists, Friedman has, in fact, served the regime as a sort of leading unofficial apologist for Nixonite policy.

The misuse of science occurs when the scientist—who is competent in a special field—seeks to use his status to influence fields where he is not competent.

Berlin's fundamental flaw was his failure to define negative liberty as the absence of physical interference with an individual's person and property.

Man discovered the value of free markets, free competition, and free enterprise. But then the governments man created to "protect" these rights destroyed them instead. 

For a while the postwar ideological climate seemed to be the same as during the war: internationalism, statism, adulation of economic planning and the centralized state, were rampant everywhere.

I submit that the naïfs who stubbornly refuse to examine the interplay of political and economic interest in government are tossing away an essential tool for analyzing the world in which we live.

A person cannot do right except in a situation where there is also the option of doing wrong.

Rather than look to the state to transform flawed creatures into saints, we should strive to take human beings as they are and direct their energies into productive outlets rather than antisocial outlets.

In earlier days, the government employee was held to be a man who could not have made his way in the business world and was therefore tolerated with condescension.