The Socialist System, However, Forbids This Fundamental

Every Extension Of The Functions And Power Of The State Beyond Its Primary Duty Of Maintaining Peace And Justice Should Be Scrutinized With Jealous Vigilance.

It Is Impossible To Understand The History Of Economic Thought If One Does Not Pay Attention To The Fact That Economics As Such Is A Challenge To The Conceit Of Those In Power.

What Generates War Is The Economic Philosophy Of Nationalism: Embargoes, Trade And Foreign Exchange Controls, Monetary Devaluation, Etc. The Philosophy Of Protectionism Is A Philosophy Of War.

Interventionism Cannot Be Considered As An Economic System Destined To Stay. It Is A Method For The Transformation Of Capitalism Into Socialism By A Series Of Successive Steps.

The Riches Of The Rich Are Not The Cause Of The Poverty Of Anybody; The Process That Makes Some People Rich Is, On The Contrary, The Corollary Of The Process That Improves Many Peoples Want Satisfaction. The Entrepreneurs, The Capitalists And The Technologists Prosper As Far As They Succeed In Best Supplying The Consumers.