There Is No Other Planning For Freedom

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.

Innovators And Creative Geniuses Cannot Be Reared In Schools. They Are Precisely The Men Who Defy What The School Has Taught Them.

Everybody Thinks Of Economics Whether He Is Aware Of It Or Not. In Joining A Political Party Or In Casting His Ballot, The Citizen Implicitly Takes A Stand Upon Essential Economic Theories.

The Philosophy Of Protectionism Is A Philosophy Of War. The Wars Of Our Age Are Not At Variance With Popular Economic Doctrines; They Are, On The Contrary, The Inescapable Result Of A Consistent Application Of These Doctrines.

He Who Disdains The Fall In Infant Mortality And The Gradual Disappearance Of Famines And Plagues May Cast The First Stone Upon The Materialism Of The Economists.