Austrian Quotes

“There is not the slightest analogy between playing games and the conduct of business within a market society. The card player wins money by outsmarting his antagonist. The businessman makes money by supplying customers with goods they want to acquire.”
― Ludwig von Mises

“Monopoly is a market, or part of a market, reserved to the exclusive possession of one or more sellers by means of the initiation of physical force by the government, or with the sanction of the government. Monopoly exists insofar as the freedom of competition is violated, with the freedom of competition being understood as the absence of the initiation of physical force as the preventive of competition. Where there is no initiation of physical force to violate the freedom of competition, there is no monopoly. The freedom of competition is violated only insofar as individuals are excluded from markets or parts of markets by means of the initiation of physical force. Monopoly is thus a market or part of a market reserved to the exclusive possession of one or more sellers by means of the initiation of physical force. It is thus something imposed upon the market from without—by the government. (Private individuals—gangsters—can initiate force to reserve markets only if the government allows it and thereby sanctions it.)
Thus, monopoly is not something which emerges from the normal operation of the economic system, and which the government must control.”
― George Reisman

“Growing economies are built by billions of actors behaving according to their own interests, coordinated through institutions that no one in particular created.
Realizing this requires humility, a trait that is in short supply among would-be dictators, politicians, and bureaucrats, which is precisely why these groups are the proven enemies of prosperity in all times and places.”
― Jeffrey Tucker

“There is only a certain amount of wealth in the world, this thinking goes. Economics is a matter of acquiring and allocating, not creating. This was the view of the world’s smartest people, all top philosophers and not stupid people, for many thousands of years before the age of the enlightenment. It still is.”
― Jeffrey Tucker

“I have been to the Alpine countries of Austria and Ardamia before, but never to this corner of the range, and while the journey to St. Liesl, which perches high above sea level, was not a comfortable one, it took my breath away. The path wound up a mountainside still dotted with the last of the summer flowers, snowbells and cheery buttercups. Mountains cluttered every horizon, many crowned in an eternal snow. Below us was the town of Leoburg with its railroad, its neat stone-and-timber buildings, its sharp and commanding steeple, but the higher we went, the more all this was dwarfed by the wildness surrounding it, the railroad a thin line of stitches connecting us to the world we knew. And then we rounded a bend in the path, and we could no longer see the town at all.
I understand now why the folklore of the Alps is so rich--- the many folds and crevices in the mountainsides could hide any number of faerie doors opening onto dozens of stories.”
― Heather Fawcett, Emily Wilde’s Map of the Otherlands

“Historically the division of labour originates in two facts of nature: the ​inequality of human abilities and the variety of the external conditions of ​human life on earth. These two facts are really one: the diversity of ​Nature”
― Ludwig von Mises

“A vertical battled pitted the Italians against the Austrians, who were starving up in the mountains.

The Italians also sent men to the firing squad “to set an example”. I couldn’t make up my mind which was more appalling: the mining war or the mountain war. And between an Italian general and a French one, I wouldn’t’ve known which one to shoot first.”
― Jacques Tardi, Goddamn This War!