There Is No Reason Why

An Entrepreneur Cannot Be Trained. A Man Becomes And Entrepreneur By Seizing An Opportunity And Filling The Gap. No Special Education Is Required For Such A Display Of Keen Judgment, Foresight, And Energy.

What Impels Every Man To The Utmost Exertion In The Service Of His Fellow Man. Is, In The Market Not Compulsion On The Part Of Gendarmes, Hangmen And Penal Courts, It Is Self Interest.

Monetary Calculation Is Not The Calculation, And Certainly Not The Measurement, Of Value. Its Basis Is The Comparison Of The More Important And The Less Important. It Is An Ordering According To Rank, An Act Of Grading (cuhel), And Not An Act Of Measuring. It Was A Mistake To Search For A Measure Of The Value Of Goods. In The Last Analysis, Economic Calculation Does Not Rest On The Measurement Of Values, But On Their Arrangement In An Order Of Rank.

Government Is The Only Institution That Can Take A Valuable Commodity Like Paper, And Make It Worthless By Applying Ink.

This Is The Difference Between Slavery And Freedom. The Slave Must Do What His Superior Orders Him To Do, But The Free Citizen-and This Is What Freedom Means-is In A Position To Choose His Own Way Of Life.