History of the Austrian School of Economics

Tax gatherer: "You have secured twenty tuns of wine? Have the goodness to deliver up to me six of the best." Vintner: "Good Heaven! you are going to ruin me."

Will anyone undertake to affirm that fire has become a greater evil since the introduction of insurance?

A magnificent canal united two large towns in China. The emperor thought fit to order enormous blocks of stone to be thrown in to render it useless.

Marx desperately sought a materialistic dialectic of history that would account for all  historical change and lead inevitably to communist revolution.

If you wish to prosper, allow your customers to thrive. This is a lesson you have been very long in learning.

Between you and a Belgian, therefore, there is exactly the same difference as in my trade there would be between a blunt and a sharp axe.

"In the sweat of thy brow shalt thou eat bread!" But everyone wants as much bread and as little sweat as possible. This is the conclusion of history.

A fallacy sometimes shrinks and contracts, assumes the guise of a principle, and lurks in a word or a phrase.

Imagine a world in which the works and ideas of Ludwig von Mises had been neglected and ultimately forgotten.

We see men who clap their hands when a great invention is introduced, and who nevertheless adhere to protectionism. Such men are grossly inconsistent!