The Idea That Human Kind

The Guiding Principle That A Policy Of Freedom For The Individual Is The Only Truly Progressive Policy Remains As True Today As It Was In The Nineteenth Century.

If Freedom Is To Flourish The Philosophic Foundations Of A Free Society Must Be Kept A Living Intellectual Issue And Its Implementation A Task Which Challenges The Ingenuity And Imagination Of The Liveliest Minds.

We Must Shed The Illusion That We Can Deliberately "create The Future Of Mankind." This Is The Final Conclusion Of The Forty Years Which I Have Now Devoted To The Study Of These Problems

Competition Means Decentralized Planning By Many Separate Persons.

Economic Transactions Between National Bodies Who Are At The Same Time The Supreme Judges Of Their Own Behavior, Who Bow To No Superior Law, And Whose Representatives Cannot Be Bound By Any Considerations But The Immediate Interest Of Their Respective Nations, Must End In Clashes Of Power.