Austrian School Economics

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

    The war shook down the Tsardom, an unspeakable abomination, and made an end of the new German Empire and the old Apostolic Austrian one. It ... gave votes and seats in Parliament to women.... But if society can be reformed only by the accidental results of horrible catastrophes ... what hope is there for mankind in them? The war was a horror and everybody is the worse for it.
    George Bernard Shaw (1856–1950)

    And this school wasn’t keeping anymore,
    Unless for penitents who took their seat
    Upon its doorsteps as at mercy’s feet
    To make up for a lack of meditation.
    Robert Frost (1874–1963)

    The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.
    James Thurber (1894–1961)