Quotes

Displaying 71 - 80 of 1314

The Ultimate Foundation of Economic Science p. 15

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Experience is a mental act on the part of thinking and acting men.

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Economic Policy p. 35

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There are no laboratory experiments in human action.

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Austrian Economics: An Anthology p. 156

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Life and reality are neither logical nor illogical; they are simply given.

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Human Action p. 629; p. 634

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The hired man does not owe the employer gratitude; he owes him a definite quantity of work of a definite kind and quality.

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The Theory of Money and Credit pp. 464-65

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There is only one efficacious way toward a rise in real wage rates and an improvement of the standard of living of the wage earners: to increase the per-head quota of capital invested.

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Austrian Economics: An Anthology p. 75

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All those not familiar with economics (i.e., the immense majority) do not see any reason why they should not coerce other people by means of force to do what these people are not prepared to do of their own accord.

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Planning for Freedom p. 189

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Credit expansion is not a nostrum to make people happy. The boom it engenders must inevitably lead to a debacle and unhappiness.

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Planning for Freedom p. 149

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The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble. It would create poverty for all.

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On the Manipulation of Money and Credit p. 125

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In a given economic situation, the opportunities for production, which may actually be carried out, are limited by the supply of capital goods available.

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Economic Policy p. 96

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There are no longer real political parties in the old classical sense, but merely pressure groups.

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