Quotes

Leonard Read Bio Quote

QuotesOctober 21, 2014Leonard E. Read

Liberty does not and cannot include any action, regardless of sponsorship, which lessens the liberty of a single human being.

Biography quote for William Graham Sumner

QuotesAugust 13, 2014William Graham Sumner

All that we call progress is a simple enlargement of chances, and the question of personal happiness is a question of how the chances will be used.

Biography quote for Adam Smith

QuotesJuly 31, 2014

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.

Biography quote for Wilhelm Röpke

QuotesJuly 31, 2014Wilhelm Röpke

I champion an economic order ruled by free prices and markets ... the only economic order compatible with human freedom.

Biography quote for Gustave de Molinari

QuotesJuly 31, 2014

The sovereign power of governments over the life and property of the individual is, in fact, the sole fount and spring of militaryism, policy, and protection ... the abolishment of that 'state' is the present, most urgent, need of society...

Biography quote for Richard Cantillon

QuotesJuly 31, 2014Richard Cantillon

It is clear that the quantity of product or of merchandise offered for sale, in proportion to the demand or number of Buyers, is the basis on which is fixed or always supposed to be fixed the actual market prices.

Austrian Economics Overview

Robbins Quote on Definition of Economics

QuotesJuly 30, 2014Lionel Robbins

Economics is a science which studies human behavior as a relationship between ends and scarce means which have alternative uses.

Austrian Economics Overview

Jesús Huerta de Soto Quote on the Growth of Economics

QuotesJuly 30, 2014Jesús Huerta de Soto

The development of economics as a science which is always based on human beings, the creative actors and protagonists in all social processes and events (the subjectivist conception), is undoubtedly the most significant and characteristic contribution made by the Austrian School of economics,...

Biography quote for Murray Rothbard

QuotesJuly 30, 2014

Taxation is theft, purely and simply even though it is theft on a grand and colossal scale which no acknowledged criminals could hope to match. It is a compulsory seizure of the property of the State’s inhabitants, or subjects...

Biography quote for Gottfried Haberler

QuotesJuly 30, 2014

What in a communistic society is done upon a decision of the supreme economic council is in our individualistic society brought about by the collective but independent action of the individuals and carried out by the price mechanism.