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)

    “It will be a great day when our schools get all the money they need and the Air Force has to hold a bake sale to buy a bomber.”
    —Advertisement. Poster in a school near Irving Place, New York City (1983)

    “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)