Free Markets

The misuse of science occurs when the scientist—who is competent in a special field—seeks to use his status to influence fields where he is not competent.

Berlin's fundamental flaw was his failure to define negative liberty as the absence of physical interference with an individual's person and property.

One of the most blatant examples of this non sequitur occurs in discussions of the "free rider problem" and the alleged solution of government provision of so-called public goods.

During the 1920s, the emerging individualists and libertarians — the Menckens, the Nocks, etc. — were generally considered Men of the Left. This all changed with the New Deal.

For Hayek, "coercion" of course includes the aggressive use of physical violence, but the term unfortunately also includes peaceful and nonaggressive actions as well.

Out of false theories of employment, money, and interest, Keynes has distilled a fantastically wrong theory of capitalism and of a socialist paradise erected out of paper money.

Trade is nothing but the release of what one has in abundance to obtain some other thing one wants.

The violator of his property is not the maverick company that pays the bribe, but the producer who violates his contract with the sponsor by accepting it.

Throughout history groups of men calling themselves 'the government' have attempted to gain a compulsory monopoly of the commanding heights of the economy and society.

A person cannot do right except in a situation where there is also the option of doing wrong.