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Quotes by Austrian Authors

"If all the exchange-ratios of the past were erased from human memory, the process of market-price-determination might certainly become more difficult, because everybody would have to construct a new scale of valuations for himself; but it would not become impossible. In fact, people the whole world over are engaged daily and hourly in the operation from which all prices result: the decision as to the relative significance enjoyed by specific quantities of goods as conditions for the satisfaction of wants."

"The market system is the basis of our civilization. Its only alternative is the FA1?4hrer principle."

"In this country, it doesn't make any difference where you were born. It doesn't make any difference who your parents were. It doesn't make any difference if, like me, you couldn't even speak English until you were in your twenties."

"The words which we use in our everyday speech are nothing other than watered-down magic."

"For when the Law of Price declares that a good actually commands a particular price, and explains why it does so, it of course implies that the good is able to command this price, and explains why it is able to do so. The Law of Price comprehends the Law of Exchange-Value."

"If there is a transmigration of souls then I am not yet on the bottom rung. My life is a hesitation before birth."

"The Jews are the enemy of National Socialism."

"I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments."

"I and my public understand each other very well: it does not hear what I say, and I don't say what it wants to hear."

"'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded."

"It is easier to achieve a desired result in short pieces."

"Local differences in the prices of commodities whose natures are technologically identical are to be explained on the one hand by differences in the cost of preparing them for consumption (expenses of transport, cost of retailing etc.) and on the other hand by the physical and legal obstacles that restrict the mobility of commodities and human beings."

"Nobody understands another's sorrow, and nobody another's joy."

"There is no history of mankind, there are only many histories of all kinds of aspects of human life. And one of these is the history of political power. This is elevated into the history of the world."

"When certain branches of the economy become obsolete, as in the case of the steel industry, not only do jobs disappear, which is obviously a terrible social hardship, but certain cultures also disappear."

"The house has to serve comfort. The work of art is revolutionary; the house is conservative."

"If a lion could talk, we could not understand him."

"No men who really think deeply about women retain a high opinion of them; men either despise women or they have never thought seriously about them."

"If the possessor of a units of money receives h additional units, then it is not at all true to say that he will value the total stock a + h exactly as highly as he had previously valued the stock a alone. Because he now has disposal over a larger stock, he will now value each unit less than he did before; but how much less will depend upon a whole series of individual circumstances, upon subjective valuations that will be different for each individual."

"Circumstances made me the theatrical personality I am, which many people believe is also a part of my personal life."

"I am actually not at all a man of science, not an observer, not an experimenter, not a thinker. I am by temperament nothing but a conquistador - an adventurer, if you want it translated - with all the curiosity, daring, and tenacity characteristic of a man of this sort."

"One day, in retrospect, the years of struggle will strike you as the most beautiful."

"I employ 20 people in Vienna. The other 130 coworkers are pilots and flight companions. The Overhead is limited with me. Reduces naturally the costs of my fliers."

"You learned the concept 'pain' when you learned language."

"Nothing is so difficult as not deceiving oneself."

"The actor depends wholly on himself. He gives his performance in what, to him, seems the most effective manner."

"He who believes in freedom of the will has never loved and never hated."

"I prefer to choose which traditions to keep and which to let go."

"The President would usually talk to me about matters relating to the immigration problem."

"The human body is the best picture of the human soul."

"Feminine passion is to masculine as an epic is to an epigram."

"Bodies do not produce sensations, but complexes of elements (complexes of sensations) make up bodies."

"If we disregard the exchange of present goods for future goods, and restrict our considerations for the time being to those cases in which the only exchanges are those between present goods and present money, we shall at once observe a fundamental difference between the effects of an isolated variation in a single commodity-price, emanating solely from the commodity side, and the effects of a variation in the exchange-ratio between money and other economic goods in general, emanating from the monetary side."

"I was put in the Air Corps. I was never educated to serve in the military, but soon my activities in the American Air Corps became very interesting to me."

"It is not in the power of governments to increase the supply of one commodity without a corresponding restriction in the supply of other commodities more urgently demanded by consumers. The authority may reduce the price of one commodity only by raising the prices of others."
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