

“Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.”
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“It is not the fault of the entrepreneurs that the consumers, the people, the common man, prefer liquor to Bibles and detective stories to serious books, and that governments prefer guns to butter. The entrepreneur does not make greater profits in selling bad things than in selling good things. His profits are the greater the better he succeeds in providing the consumers with those things they ask for most intensely.”
― Human Action: A Treatise on Economics
― Human Action: A Treatise on Economics
“It is natural that the appearance of pollution should have taken by surprise an economic science which has delighted in playing around with all kinds of mechanistic models. Curiously, even after the event economics gives no signs of acknowledging the role of natural resources in the economic process. Economists still do not seem to realize that, since the product of the economic process is waste, waste is an inevitable result of that process and ceteris paribus increases in greater proportion than the intensity of economic activity.”
― The Entropy Law and the Economic Process
― The Entropy Law and the Economic Process

“All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.”
― Socialism: An Economic and Sociological Analysis
― Socialism: An Economic and Sociological Analysis
Aaron’s 2024 Year in Books
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