Mises Daily

The field of our science is human action, not the psychological events which result in an action. It is precisely this which distinguishes the general theory of human action, praxeology, from psychology.

The Revolution had a radical libertarian impact on American society: in abolishing feudal land tenure, in establishing religious freedom, and in beginning the process of the abolition of slavery.

Rather than look to the state to transform flawed creatures into saints, we should strive to take human beings as they are and direct their energies into productive outlets rather than antisocial outlets.

In earlier days, the government employee was held to be a man who could not have made his way in the business world and was therefore tolerated with condescension.

Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.

Crusoe economics can aid greatly in solving such problems of political philosophy as the nature and role of liberty, property, and violence.

In 1929, what remained of laissez-faire policy in America was brushed aside. Led by President Hoover, the government embarked on what has accurately been called the "Hoover New Deal."

In such proposals as let us raise farm prices, let us raise wage rates, let us lower profits, let us curtail the salaries of executives the "us" ultimately refers to the police.

Hayek relentlessly scrutinizes and exposes the weak and patchwork structure of Keynes's theoretical arguments and then dismantles it brick by brick, leaving nothing standing.

He is the man who wants alcoholic liquors for any honest purpose whatsoever, who would use his liberty without abusing it, who would occasion no public question, and trouble nobody at all.