Quotes

Displaying 41 - 50 of 1314

The Theory of Money and Credit p. 47

07/14/2014Quotes
Credit transactions are in fact nothing but the exchange of present goods against future goods.
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Human Action p. 629; pp. 633-34

07/14/2014Quotes
In the market economy the worker sells his services as other people sell their commodities. The employer is not the employees lord. He is simply the buyer of services which he must purchase at their market price.
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Socialism p. 59

07/14/2014Quotes
Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things. Only economic action has created the wealth around us; labor, not the profession of arms, brings happiness. Peace builds, war destroys.
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The Theory of Money and Credit p. 259

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In all countries where inflation has been rapid, it has been observed that the decrease in the value of the money has occurred faster than the increase in its quantity.
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Liberty and Property p. 12

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In the political sphere, there is no means for an individual or a small group of individuals to disobey the will of the majority. But in the intellectual field private property makes rebellion possible.
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Bureaucracy p. 67

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Progress of any kind is always at variance with the old and established ideas and therefore with the codes inspired by them. Every step of progress is a change involving heavy risks.
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Human Action p. 827; p. 831

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What distinguishes man from animals is the insight into the advantages that can be derived from cooperation under the division of labor.
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Human Action p. 284; p. 287

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The substitution of economic planning for the market economy removes all freedom and leaves to the individual merely the right to obey.
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The Ultimate Foundation of Economic Science p. 51

07/14/2014Quotes
Every action is a speculation, i.e., guided by a definite opinion concerning the uncertain conditions of the future.
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Human Action p. 716; p. 720

07/14/2014Quotes
The notion of justice makes sense only when referring to a definite system of norms which in itself is assumed to be uncontested and safe against any criticism.
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