Nothing Is So Retentive As A Nation's

Entrepreneurial Profit Is The Expression Of The Value Of What The Entrepreneur Contributes To Production.

Want And Effective Demand Are Not The Same Thing. If They Were, The Poorest Nations Would Be The Ones To Display The Most Vigorous Demand.

Bureaucracy Is Not An Obstacle To Democracy But An Inevitable Complement To It.

The Very Foundation Of Private Property And Free Contracting Wears Away In A Nation In Which Its Most Vital, Most Concrete, Most Meaningful Types Of Private Property And Free Contracting Disappear From The Moral Horizon Of The People.

I Set Out To Become The Greatest Lover In Vienna, The Greatest Horseman In Austria, And The Greatest Economist In The World. Alas, For The Illusions Of Youth: As A Horseman, I Was Never Really First-rate.