Democracy is a political method, that is to say, a certain type of institutional arrangement for arriving at political - legislative and administrative - decisions and hence incapable of being an end in itself.

Bureaucracy is not an obstacle to democracy but an inevitable complement to it.

For the duration of its collective life, or the time during which its identity may be assumed, each class resembles a hotel or an omnibus, always full, but always of different people.

Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.