Every Innovation Makes Its Appearance As A

The Direction Of All Economic Affairs Is In The Market Society A Task Of The Entrepreneurs. Theirs Is The Control Of Production. They Are At The Helm And Steer The Ship. A Superficial Observer Would Believe That They Are Supreme. But They Are Not. They Are Bound To Obey Unconditionally The Captain's Orders.

Reason's Biological Function Is To Preserve And Promote Life And To Postpone Its Extinction As Long As Possible. Thinking And Acting Are Not Contrary To Nature; They Are, Rather, The Foremost Features Of Man's Nature. The Most Appropriate Description Of Man As Differentiated From Nonhuman Beings Is: A Being Purposively Struggling Against The Forces Adverse To His Life.

Socialism Is Not An Alternative To Capitalism; It Is An Alternative To Any System Under Which Men Can Live As Human Beings.

The Consumers Are Merciless. They Never Buy In Order To Benefit A Less Efficient Producer And To Protect Him Against The Consequences Of His Failure To Manage Better. They Want To Be Served As Well As Possible. And The Working Of The Capitalist System Forces The Entrepreneur To Obey The Orders Issued By The Consumers.

We Do Not Assert That The Capitalist Mode Of Economic Calculation Guarantees The Absolutely Best Solution Of The Allocation Of Factors Of Production. Such Absolutely Perfect Solutions Of Any Problem Are Out Of Reach Of Mortal Men. What The Operation Of A Market Not Sabotaged By The Interference Of Compulsion And Coercion Can Bring About Is Merely The Best Solution Accessible To The Human Mind Under The Given State Of Technological Knowledge And The Intellectual Abilities Of The Age's Shrewdest Men.