To defeat the aggressors is not enough to make peace durable. The main thing is to discard the ideology that generates war.
Sovereignty must not be used for inflicting harm on anyone, whether citizen or foreigner.
The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning.
Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
It is inherent in the nature of the capitalistic economy that, in the final analysis, the employment of the factors of production is aimed only toward serving the wishes of consumers.
In spite of the anticapitalistic policies of all governments and of almost all political parties, the capitalist mode of production.
There is no western, capitalistic country in which the conditions of the masses have not improved in an unprecedented way.
The foundation of any and every civilization, including our own, is private ownership of the means of production. Whoever wishes to criticize modern civilization, therefore, begins with private property.
The early industrialists were for the most part men who had their origin in the same social strata from which their workers came. They lived very modestly, spent only a fraction of their earnings for their households and put the rest back into the business.
Capitalism or market economy is that system of social cooperation and division of labor that is based on private ownership of the means of production.
The characteristic feature of capitalism that distinguishes it from pre-capitalist methods of production was its new principle of marketing. Capitalism is not simply mass production, but mass production to satisfy the needs of the masses.
What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.
This, then, is freedom in the external life of man-that he is independent of the arbitrary power of his fellows.
Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.
Spontaneous actions of individuals, aiming at nothing else than at the improvement of their own state of satisfaction, undermined the prestige of the coercive status system step by step.
The final outcome of the credit expansion is general impoverishment.
If men do not now succeed in abolishing war, civilization and mankind are doomed.
Do not give in to evil, but proceed ever more boldly against it.
It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power.
The program of classical liberalism, condensed into a single word, would have to read: property.