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The Historical Setting of the Austrian School of Economics (1969)

Ludwig von Mises

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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.The Historical Setting of the Austrian School of Economicsp. 20Economics
Governments, political parties, pressure groups, and the bureaucrats of the educational hierarchy think they can avoid the inevitable consequences of unsuitable measures by boycotting and silencing the independent economists. But truth persists and works, even if nobody is left to utter it.The Historical Setting of the Austrian School of Economicsp. 45Truth
In all nations and in all periods of history, intellectual exploits were the work of a few men and were appreciated only by a small elite. The many looked upon these feats with hatred and disdain, at best with indifference.The Historical Setting of the Austrian School of Economicsp. 5Genius
The Enlightenment did not put its hopes upon the more or less accidental emergence of well-intentioned rulers and provident sages. Its optimism concerning mankind's future was founded upon the double faith in the goodness of man and in his rational mind.The Historical Setting of the Austrian School of Economicsp. 34Reason
The greatness of the nineteenth century consisted in the fact that to some extent the ideas of Classical economics became the dominant philosophy of state and society.The Historical Setting of the Austrian School of Economicsp. 44Laissez Faire
The horrors of revolution and civil war can be avoided if a disliked government can be smoothly dislodged at the next election.The Historical Setting of the Austrian School of Economicsp. 35Elections
The main and only concern of the Austrian economists was to contribute to the advancement of economics. They never tried to win the support of anybody by other means than by the convincing power developed in their books and articles.The Historical Setting of the Austrian School of Economicsp. 18Austrian Economists
The unpopularity of economics is the result of its analysis of the effects of privileges. It is impossible to invalidate the economists demonstration that all privileges hurt the interests of the rest of the nation or at least a great part of it.The Historical Setting of the Austrian School of Economicsp. 6Economics
Those whom the world called the "Austrian economists" were, in the Austrian universities, somewhat reluctantly tolerated outsiders.The Historical Setting of the Austrian School of Economicsp. 3Austrian Economists
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