Human Action Is Purposeful Behavior.

The Causes Of All Panics, Crashes And Depressions Can Be Summed Up In Only Four Words: The Misuse Of Credit.

If, As Is Generally The Case, The Heirs Are Not Equal To The Demands Which Life Makes On An Entrepreneur, The Inherited Wealth Rapidly Vanishes.

The Characteristic Feature Of Capitalism That Distinguishes It From Pre-capitalist Methods Of Production Was Its New Principle Of Marketing. Capitalism Is Not Simply Mass Production, But Mass Production To Satisfy The Needs Of The Masses.

In Capitalist Enterprise There Is No Secure Income And No Security Of Wealth.

An Intellectual Inferiority Of The Masses Would Manifest Itself Most Evidently In Their Aiming At The Abolition Of The System In Which They Themselves Are Supreme And Are Served By The Elite Of The Most Talented Men.