History of the Austrian School of Economics

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!

"What should we do in case of war," it is said, "if we are placed at the mercy of England for iron and coal?"

Ignorance is incorrigible in those who venture to proclaim that there are no absolute principles.