Our Whole Civilization Rests On The Fact

What Workers Must Learn Is That The Only Reason Why Wage Rates Are Higher In The United States Is That The Per Head Quota Of Capital Invested Is Higher.

Liberalism And Capitalism Address Themselves To The Cool, Well-balanced Mind. They Proceed By Strict Logic, Eliminating Any Appeal To The Emotions. Socialism, On The Contrary, Works On The Emotions, Tries To Violate Logical Considerations By Rousing A Sense Of Personal Interest And To Stifle The Voice Of Reason By Awakening Primitive Instincts.

Capitalism Gave The World What It Needed, A Higher Standard Of Living For A Steadily Increasing Number Of People.

We Owe The Origin And Development Of Human Society And, Consequently, Of Culture And Civilization, To The Fact That Work Performed Under The Division Of Labor Is More Productive Than When Performed In Isolation.

Monetary Calculation Is Not The Calculation, And Certainly Not The Measurement, Of Value. Its Basis Is The Comparison Of The More Important And The Less Important. It Is An Ordering According To Rank, An Act Of Grading (cuhel), And Not An Act Of Measuring. It Was A Mistake To Search For A Measure Of The Value Of Goods. In The Last Analysis, Economic Calculation Does Not Rest On The Measurement Of Values, But On Their Arrangement In An Order Of Rank.