The Word "capitalism" Expresses, For Our Age,

What Workers Must Learn Is That The Only Reason Why Wage Rates Are Higher In The United States Is That The Per Head Quota Of Capital Invested Is Higher.

The Characteristic Mark Of Economic History Under Capitalism Is Unceasing Economic Progress, A Steady Increase In The Quantity Of Capital Goods Available, And A Continuous Trend Toward An Improvement In The General Standard Of Living.

The Direction Of All Economic Affairs Is In The Market Society A Task Of The Entrepreneurs. Theirs Is The Control Of Production. They Are At The Helm And Steer The Ship. A Superficial Observer Would Believe That They Are Supreme. But They Are Not. They Are Bound To Obey Unconditionally The Captain's Orders.

There Is No Such Thing As A Just And Fair Method Of Exercising The Tremendous Power That Interventionism Puts Into The Hands Of The Legislature And The Executive.

Progress Of Any Kind Is Always At Variance With The Old And Established Ideas And Therefore With The Codes Inspired By Them. Every Step Of Progress Is A Change Involving Heavy Risks.