Quotes

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Theory and History p. 180

07/14/2014Quotes
One of the fundamental conditions of mans existence and action is the fact that he does not know what will happen in the future.

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Omnipotent Government p. 125

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From the political point of view it is no doubt dangerous that men are so easily stirred by bombastic talk. But the political actions of modern nationalism cannot be explained or excused by chauvinist intoxication. They are the outcome of cool though misguided reasoning.

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Human Action p. 626; pp. 630-31

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When treated as a chattel, man renders a smaller yield per unit of cost expended for current sustenance and guarding than domestic animals.

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Human Action p. 682; p. 686

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Economic nationalism is incompatible with durable peace. Yet economic nationalism is unavoidable where there is government interference with business. Protectionism is indispensable where there is no domestic free trade. Where there is government interference with business, free trade even in the...

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Nation, State, and Economy p. 186

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The public firm can nowhere maintain itself in free competition with the private firm; it is possible today only where it has a monopoly that excludes competition. Even that alone is evidence of its lesser economic productivity.

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Economic Freedom and Interventionism p. 154

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There is, in fact, in the writings and teaching of those who nowadays call themselves economists, no longer any comprehension of the operation of the economic system as such.

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Theory and History p. 195

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Every action adds something to history, affects the course of future events, and is in this sense a historical fact. The most trivial performance of daily routine by dull people is no less a historical datum than is the most startling innovation of the genius.

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Bureaucracy p. 91

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Every dictator plans to rear, raise, feed, and train his fellow men as the breeder does his cattle. His aim is not to make the people happy but to bring them into a condition which renders him, the dictator, happy. He wants to domesticate them, to give them cattle status. The cattle breeder also is...

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The Theory of Money and Credit p. 97

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The role played by man in production always consists solely in combining his personal forces with the forces of Nature in such a way that the cooperation leads to some particular desired arrangement of material. No human act of production amounts to more than altering the position of things in...

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The Ultimate Foundation of Economic Science p. 90

07/14/2014Quotes
Mans striving after an improvement of the conditions of his existence impels him to action. Action requires planning and the decision which of various plans is the most advantageous.

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