Socialism Is Not An Alternative To Capitalism;

Economics Must Not Be Relegated To Classrooms And Statistical Offices And Must Not Be Left To Esoteric Circles. It Is The Philosophy Of Human Life And Action And Concerns Everybody And Everything. It Is The Pith Of Civilization And Of Man's Human Existence.

No Matter How Efficient School Training May Be, It Would Only Produce Stagnation, Orthodoxy, And Rigid Pedantry If There Were No Uncommon Men Pushing Forward Beyond The Wisdom Of Their Tutors.

Neither The Entrepreneurs Nor The Farmers Nor The Capitalists Determine What Has To Be Produced. The Consumers Do That.

The Meaning Of Economic Freedom Is This: That The Individual Is In A Position To Choose The Way In Which He Wants To Integrate Himself Into The Totality Of Society.

Socialism Is Not In The Least What It Pretends To Be. It Is Not The Pioneer Of A Better And Finer World, But The Spoiler Of What Thousands Of Years Of Civilization Have Created. It Does Not Build, It Destroys. For Destruction Is The Essence Of It. It Produces Nothing, It Only Consumes What The Social Order Based On Private Ownership In The Means Of Production Has Created.