All This Talk: The State Should Do

Economics Is A Theoretical Science And As Such Abstains From Any Judgement Of Value. It Is Not Its Task To Tell People What Ends They Should Aim At. It Is A Science Of The Means To Be Applied For Attainment Of Ends Chosen, Not, To Be Sure, A Science Of The Choosing Of Ends. Ultimate Decisions, The Valuations And The Choosing Of Ends, Are Beyond The Scope Of Any Science. Science Never Tells A Man How He Should Act; It Merely Shows How A Man Must Act If He Wants To Attain Definite Ends.

The History Of Mankind Is The History Of Ideas.

The Market Is Not A Place, A Thing, Or A Collective Entity. The Market Is A Process, Actuated By The Interplay Of The Actions Of The Various Individuals Cooperating Under The Division Of Labor.

Government Means Always Coercion And Compulsion And Is By Necessity The Opposite Of Liberty.

The Democracy Of The Market Consists In The Fact That People Themselves Make Their Choices And That No Dictator Has The Power To Force Them To Submit To His Value Judgments.