Utilty is

Utility is a subjective phenomenon, rooted in individual preference. There are no units with which to measure utility, a fact that appears to be no more than a slight annoyance to those who would measure it.

Source: Walter Block, The Privatization of Roads & Highways, 2009, Pg 129

Knowledge and the Word

To discover what a thing is "called" according to some system is the essential step in knowing, and to say that all education is learning to name rightly, as Adam named the animals, would assert an underlying truth.

Source: Richard Weaver, Ideas Have Consequences 1948

Covetousness

... covetousness presupposes that you cannot get what you want by your own virtues, and must seize it by fraud.

Source: Covetousness and Revaluing the Self, by Prester John (Fictional Character)
Taken From: A Lodge for Wayfaring Men, Paul Rosenberg

Natural Patriotism is...

Natural patriotism may be defined as follows: an automatic and wholly uncritical, instinctive attachment for hereditary or traditional ways of life which are collectively accepted, and an equally automatic and instinctive hostility toward any other way of living. It is love for one’s own, and a hatred for everything foreign.

Source:  Open Letter to Swiss Comrades, 1869 Mikhail Bakunin (Unconfirmed Source)
Taken From: Doug Casey, My Favorite Quotes

Equality

Equality is reassurance your neighbor
will not get too far ahead of you.

Source: Lilija Valis, Freedom on the Fault Line, 2011

Anarchism

ANARCHISM (from the Greek an- and arche, contrary to authority), the name given to a principle or theory of life and conduct under which society is conceived without government — harmony in such a society being obtained, not by submission to law, or by obedience to any authority, but by free agreements concluded between the various groups, territorial and professional, freely constituted for the sake of production and consumption, as also for the satisfaction of the infinite variety of needs and aspirations of a civilized being.

Source: Prince Peter A. Kropotkin
Taken From: Wikiquote and Kropotkin's entry on "Anarchism" in the Encyclopædia Britannica (1910)

Foreign Aid

Foreign aid can best be described as taking money from the poor in a rich country and giving it to the rich and powerful in a poor country.

Source:  Ron Paul, Liberty Defined (pg 122) section on Foreign Aid, 2011

Patriotism is

....patriotism is the act of standing up to the government when the government is wrong, and at great risk stand[ing] firmly on principles that protect the freedoms of all people. 

Source:  Ron Paul, Liberty Defined (pg 47) section on Civil Disobedience, 2011

Peace

Human history teaches us that peace means the forcible submission of the conquered to domination once the invader has consolidated his victory, the loss of everything the vanquished hold dear, and the end of their enjoyment of the fruits of their labour and their conquests. ... Such conditions may mark the end of actual combat, but they certainly cannot be called peace.

Source: Maria Montessori, Education And Peace, 1932
Taken From: Stephan Kinsella: Montessori, Peace and Libertarianism

Definition: Axiom

An axiom is a statement that identifies the base of knowledge and of any further statement pertaining to that knowledge, a statement necessarily contained in all others, whether any particular speaker chooses to identify it or not. An axiom is a proposition that defeats its opponents by the fact that they have to accept it and use it in the process of any attempt to deny it.

Source:  John Galt (Fictional Character)
Taken From:  Ayn Rand's Atlas Shrugged (1957)

Definition: Classical Liberalism

Classical liberalism — which we shall call here simply liberalism — is based on the conception of civil society as, by and large, self-regulating when its members are free to act within very wide bounds of their individual rights. Among these the right to private property, including freedom of contract and free disposition of one's own labor, is given a very high priority. Historically, liberalism has manifested a hostility to state action, which, it insists, should be reduced to a minimum

Source:  Ralph Raico, Austrian Economics and Classical Liberalism at Mises.org, 03/04/2010
Taken From:  Source

Isolationists and Anti-Social Definitions

If those who oppose violent invasions of other countries are considered ”isolationists,” is a person who refuses to break into his neighbor’s house to be regarded as ”anti-social”? 

Butler Shaffer (4/2/2011)
Source: LRC Blog - Getting Definitions Straight

The Economist's Job

An Economist is somebody who doesn't just see the immediate and direct effects of an action.  A six year old can usually tell you the immediate and direct effect of actions.  That's not hard.  An Economist tells you the indirect and delayed effects.

Doug Casey (March 7th-9th)
Source:  Prospectors and Developers Association of Canada (PDAC) 2011 - Link
Introduction by Doug Casey:  War Stories from a Successful Speculator

War is...

War is not an adventure. It is a disease. It is like typhus.

Antoine De Saint-Exupery

Liberty is

I believe that liberty is the only genuinely valuable thing that men have invented, at least in the field of government, in a thousand years. I believe that it is better to be free than to be not free, even when the former is dangerous and the latter safe. I believe that the finest qualities of man can flourish only in free air – that progress made under the shadow of the policeman's club is false progress, and of no permanent value. I believe that any man who takes the liberty of another into his keeping is bound to become a tyrant, and that any man who yields up his liberty, in however slight the measure, is bound to become a slave. 

H.L. Mencken (Chicago Tribune, January 30th, 1927)

Democracy is...

democracy is the illusion that my wife and I, combined, have twice the political influence of David Rockefeller.

Butler Shaffer (2009)

Economist is...

An economist is someone who describes the way the world works. 

Doug Casey (12/10/2010)

Wealth is

Wealth is the product of the progressive mastery of matter by mind,

Richard Buckminster Fuller (1968, Operating Manual for Spaceship Earth)

Differing Defintions

If by "capitalism" is meant an economic system which recognizes the fundamental and positive role of business, the market, private property and the resulting responsibility for the means of production, as well as free human creativity in the economic sector, then the answer is certainly in the affirmative, even though it would perhaps be more appropriate to speak of a "business economy", "market economy" or simply "free economy". But if by "capitalism" is meant a system in which freedom in the economic sector is not circumscribed within a strong juridical framework which places it at the service of human freedom in its totality, and which sees it as a particular aspect of that freedom, the core of which is ethical and religious, then the reply is certainly negative.

John Paul II (1991, Centesimus Annus)
In discussion about whether he would recommend "Capitalism" to the developing world.

Definition: Democracy

When one looks for a definition of [democracy], one finds that it is not a form of government but rather the rule by "social attitudes."  But what is a "social attitude"? ...[It] turns out to be in practice good old majoritarianism; what 51 percent of the people deem right is right, and the minority is perforce wrong.... There is no place in this concept for the doctrine of inherent rights; the only right left to the minority, particularly the minority of one, is conformity with the dominate "social attitude."

Frank Chodorov (1959, The Rise & Fall of Society)