Austrian School Economics

Famous quotes containing the words austrian, school and/or economics:

    An Austrian army, awfully array’d,
    Boldly by battery besiege Belgrade;
    Cossack commanders cannonading come,
    Deal devastation’s dire destructive doom;
    Alaric Alexander Watts (1797–1864)

    What a wise and good parent will desire for his own children a nation must desire for all children.
    —Consultative Committee On The Prima. Report of the Consultative Committee on the Primary School (HADOW)

    There is no such thing as a free lunch.
    —Anonymous.

    An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)