History of the Austrian School of Economics

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Abhinandan Mallick

We may either incorporate ourselves into market civilization, the system by which we may serve ourselves as ends by serving other people as means, or return to the idyllic and isolated "noble" savagery that long characterized our human past.

Eugen von Böhm-Bawerk

The question of the relation of cost to value is properly only a concrete form of a much more general question — the question of the regular relations between the values of such goods as in causal interdependence contribute to one and the same utility for our well-being.

Murray N. Rothbard

The Memoranum did not only denounce debasement and call for a high-valued currency, but it also enunciated "Gresham's law" that the cause of a shortage of gold coin in England was the legal undervaluation of gold.

David Gordon

Rothbard maintains that one cannot consistently combine libertarian economic policies with international belligerence.

Eugen von Böhm-Bawerk

In the conviction of the inadequacy of the classical political economy, the Austrian economists and the adherents of the historical school agree. But in regard to the final cause of the inadequacy, there is a fundamental difference of opinion that has led to a lively contention over methods.

Murray N. Rothbard

"And therefore whosoever rebelleth against any ruler either good or bad, rebelleth against GOD, and shall be sure of a wretched end."

Brian Doherty

There are useful and rich nuggets covering every aspect of Rothbard's intellectual project, starting with his bold call for the necessity of a pure and unsullied libertarian set of institutions and activists.

Friedrich A. Hayek

We are certainly as far from capitalism in its pure form as we are from any system of central planning. The world of today is just interventionist chaos.