Austrian Quotes - page 2
I think my actions,like those of my associates,were possible in this form only in vienna. Our heritage was the vienna secession and Austrian expression,and that,along with the violent disapproval of our work,explains not only its frequently overwrought and aggressive character,but also its radical psychological insights.
Günter Brus
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, founded by Carl Menger. In fact Menger felt it vital to abandon the sterile objectivism of the classical (Anglo-Saxon) school whose members were obsessed with the supposed existence of external objective entities (social classes, aggregates, material factors of production, etc.). Menger held that economists should instead always adopt the subjectivist view of human beings who act, and that this perspective should invariably exert a decisive influence on the way all economic theories are formulated, in terms of their scientific content and their practical conclusions and results.
Jesús Huerta de Soto
Dr. Martin, I am a man marked by death. We shall not be able to go on seeing each other for long and in your own interests I suggest you do not come here any more. Whatever happens, mark what I say: From now on Germany is in the hands of an Austrian who is a congenital liar, a former officer who is a pervert, and a clubfoot. And I tell you the last is the worst of them all. This is Satan in human form.
Gregor Strasser
These creatures were remarkably efficient, for once they were started they had no sense to stop and continued whirling for hours and hours.... All went well until a strange boy came to the place. He was the son of a retired officer in the Austrian Army. That urchin ate May-bugs alive and enjoyed them as tho they were the finest blue-point oysters. That disgusting site terminated my endeavors in this promising field and I have never since been able to touch a May-bug or any other insect for that matter.
Nikola Tesla
A few days ago in a Berlin theatre the audience burst into spontaneous applause merely because the orchestra began to play an old military march-not a German march, either, but an Austrian one, the Radetzky march. Do not think that this meant a demonstration in favour of a war of revenge-not a bit of it. But the army and all that goes with it has been in the tradition of the German people for a hundred years and it would betray a very poor knowledge of men to believe that such a tradition could be uprooted when people is bidden by the terms of a treaty to give up compulsory military service.
Gustav Stresemann
Accounting for the artificial boom and the consequent bust is not part of Keynesian income-expenditure analysis, nor is it an integral part of monetarist analysis. The absence of any significant relationship between boom and bust is an inevitable result of dealing with the investment sector in aggregate terms. The analytical oversight derives from theoretical formulation in Keynesian analysis and from empirical observation in monetarist analysis. But from an Austrian perspective, the differences in method and substance are outweighed by the common implication of Keynesianism and monetarism, namely, that there is no boom-bust cycle of any macroeconomic significance.
Roger Garrison
The recent flourishing of New Classical economics, and especially its Equilibrium Business Cycle Theory (EBCT), has given a fresh hearing to the Old-but still developing-Austrian Business Cycle Theory (ABCT). While the New and the Old differ radically in both substance and methods, they exhibit a certain formal congruency that has captured the attention of both schools. The formal similarities between EBCT and ABCT invites a point-by-point comparison, but the comparison itself dramatizes differences between the two views in a way that adds to the integrity and plausibility of the Austrian theory.
Roger Garrison
Our difficulties with the Russians increased, but I never really blamed Konev. He obviously was merely carrying out instructions. He even had a sense of humor about it occasionally. Once when we were discussing Austrian politics, the name of the Communist party leader, Ernst Fischer, was mentioned. Jokingly, I said: "Well, I don't like him because he is a Communist." Konev grunted. "That's fine," he said. "I don't like him either because he's an Austrian Communist."
Mark W. Clark
I do not overlook the important contributions to economic theory in the past whether orthodox or heterodox I correlate them with institutional economics. The classical and communistic economists used as their measure of value the man hour of labor. This is evidently since the incoming of scientific management the engineering economics of efficiency. The Austrian and hedonistic economists deriving from Bentham used as the measure of value the diminishing marginal utility of consumption goods. This is evidently the home economics recently introduced in the college curriculum.
John R. Commons
It is growing harder and harder to equate elite university branding with proof of knowledge. Barack Obama, another Harvard Law graduate, proved this depressing fact a number of times when he asserted that the Maldives were the Falklands, "corpsmen" was pronounced with a hard p, Austrians spoke a language called Austrian, there were 57 states, and Hawaii was in Asia.
Victor Davis Hanson
The history of the Austrian school remains unfinished, and what happens in the future may influence interpretations of the past as much as what has already occurred. An increasing number of economists, however, believe that a reconceptualization of the role the Austrian school has played in academic economics from the 1870s to the present would be more accurate than the prevailing view.
Alan O. Ebenstein
