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)

    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)

    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)