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)

    The first rule of education for me was discipline. Discipline is the keynote to learning. Discipline has been the great factor in my life. I discipline myself to do everything—getting up in the morning, walking, dancing, exercise. If you won’t have discipline, you won’t have a nation. We can’t have permissiveness. When someone comes in and says, “Oh, your room is so quiet,” I know I’ve been successful.
    Rose Hoffman, U.S. public school third-grade teacher. As quoted in Working, book 8, by Studs Terkel (1973)

    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)