History of the Austrian School of Economics

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Harry C. Veryser

People everywhere are giving much more serious thought to foundational ques­tions about the economy.

Claude Frédéric Bastiat

If you are asked, "What, then, is to be done?" reply, "Be just to everybody."

Claude Frédéric Bastiat

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."

Claude Frédéric Bastiat

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

Claude Frédéric Bastiat

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.

Murray N. Rothbard

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

Claude Frédéric Bastiat

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

Claude Frédéric Bastiat

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.

Claude Frédéric Bastiat

"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.

Claude Frédéric Bastiat

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