Ludwig von Mises: "Despots and democratic majorities are drunk with power. They must reluctantly admit that they are subject to the laws of nature. But they reject the very notion of economic law . . . economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics." - Austrian Economics: An Anthology
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Browse by subject: Austrian economists
|Ludwig von Mises||The main and only concern of the Austrian economists was to contribute to the advancement of economics. They never tried to win the support of anybody by other means than by the convincing power developed in their books and articles. ||Austrian Economics: An Anthology|| p. 72||Austrian economists
|Ludwig von Mises||Those whom the world called the Austrian economists were, in the Austrian universities, somewhat reluctantly tolerated outsiders.||Austrian Economics: An Anthology|| p. 56||Austrian economists
|Ludwig von Mises||What distinguishes the Austrian School and will lend it everlasting fame is its doctrine of economic action, in contrast to one of economic equilibrium or nonaction.||Notes and Recollections|| p. 36||Austrian economists