History of the Austrian School of Economics

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Ludwig von Mises

The only relevant thing is that indirect exchange and money exist because the conditions for their existence were and are present.

David Gordon

When the subjective theory was formulated in the 1870s, it suffered from the defect of wrongly thinking that economic calculation could occur without prices. This defect gave socialists help in making their case.

Ludwig von Mises

That gold was used as money in the past is merely a historical fact. But the fact that gold was a form of private money, and thus not easily manipulated for government schemes, made it a target of countless intellectual and governmental assaults. 

Llewellyn H. Rockwell Jr.

It is striking that the major resurgence of Scholastic ideas came out of Austria in the late 19th century, a country that had avoided a revolutionary political or theological upheaval. If we look at Menger's own teachers, we find successors to the Scholastic tradition.

Leonard P. Liggio

Could there be a more doleful proof of the sterility of European civilization than that it can be spread by no other means than fire and sword?

Tho Bishop

At a time when universities have become the most intolerant institutions against intellectual freedom, environments like the Austrian Economics Research Conference have never been more important.

Llewellyn H. Rockwell Jr.

To be an economist with integrity means having to say things that people don't want to hear and especially to say things that the regime does not want to hear.