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)

    “We have passed the time of ... the laisser-faire [sic] school which believes that the government ought to do nothing but run a police force.”
    —William Howard Taft (1857–1930)

    “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)