The Market Is A Democracy In Which

We Do Not Assert That The Capitalist Mode Of Economic Calculation Guarantees The Absolutely Best Solution Of The Allocation Of Factors Of Production. Such Absolutely Perfect Solutions Of Any Problem Are Out Of Reach Of Mortal Men. What The Operation Of A Market Not Sabotaged By The Interference Of Compulsion And Coercion Can Bring About Is Merely The Best Solution Accessible To The Human Mind Under The Given State Of Technological Knowledge And The Intellectual Abilities Of The Age's Shrewdest Men.

The Distinctive Principle Of Western Social Philosophy Is Individualism.

The Champions Of Socialism Call Themselves Progressives, But They Recommend A System Which Is Characterized By Rigid Observance Of Routine And By A Resistance To Every Kind Of Improvement. They Call Themselves Liberals, But They Are Intent Upon Abolishing Liberty. They Call Themselves Democrats, But They Yearn For Dictatorship. They Call Themselves Revolutionaries, But They Want To Make The Government Omnipotent. They Promise The Blessings Of The Garden Of Eden, But They Plan To Transform The World Into A Gigantic Post Office. Every Man But One A Subordinate Clerk In A Bureau.

Those Who Disagree With The Dictator's Plan Have No Other Means To Carry On Than To Defeat The Despot By Force Of Arms.

The Methods Of The Natural Sciences Cannot Be Applied To Human Behavior Because This Behaviorlacks The Peculiarity That Characterizes Events In The Field Of The Natural Sciences, Viz., Regularity.