Quotes

Displaying 61 - 70 of 1314

Human Action pp. 736-37; pp. 743-44

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On the unhampered market there prevails an irresistible tendency to employ every factor of production for the best possible satisfaction of the most urgent needs of the consumers. If the government interferes with this process, it can only impair satisfaction; it can never improve it.

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Nation, State, and Economy p. 75

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Neither fame nor honor nor wealth nor happiness was to be found on this path.

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Human Action p. 280; p. 283

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The member of a contractual society is free because he serves others only in serving himself. What restrains him is only the inevitable natural phenomenon of scarcity.

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The Ultimate Foundation of Economic Science p. 22

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It would be vain to search for a rule if there were no regularity.

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Economic Policy p. 37

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Government ought to protect the individuals within the country against the violent and fraudulent attacks of gangsters, and it should defend the country against foreign enemies.

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Economic Policy p. 89

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Capitalists have the tendency to move towards those countries in which there is plenty of labor available and at which labor is reasonable. And by the fact that they bring capital into these countries, they bring about a trend toward higher wage rates.

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Human Action p. 683; p. 687

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The philosophy of protectionism is a philosophy of war. The wars of our age are not at variance with popular economic doctrines; they are, on the contrary, the inescapable result of a consistent application of these doctrines.

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Liberalism p. 86

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A return to the Middle Ages is out of the question if one is not prepared to reduce the population to a tenth or a twentieth part of its present number and, even further, to oblige every individual to be satisfied with a modicum so small as to be beyond the imagination of modern man.

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Bureaucracy p. 87

07/14/2014Quotes
European totalitarianism is an upshot of bureaucracys preeminence in the field of education. The universities paved the way for the dictators.

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Planning for Freedom p. 197

07/14/2014Quotes
It is not a lack of the know how that prevents foreign countries from fully adopting American methods of manufacturing, but the insufficiency of capital available.

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