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)

    “Dad, if you really want to know what happened in school, then you’ve got to know exactly who’s in the class, who rides the bus, what project they’re working on in science, and how your child felt that morning.... Without these facts at your fingertips, all you can really think to say is “So how was school today?” And you’ve got to be prepared for the inevitable answer—”Fine.” Which will probably leave you wishing that you’d never asked.”
    —Ron Taffel (20th century)

    “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)