A school of economics advocating free markets. It was founded by Austrians who were called Austrians as a pejorative by Germans, who considered themselves more civilized because of their modern, socialist state (via Bismark). Later, the Austrian economists left Austria, some not before the civilized Germans took over Austria (via Hitler). They came to America, and were still called Austrians, Probably because of their funny mustaches and names.
Austrian Economists include Mises, Hayek, and Rothbard. Say those with a straight face.
Not to be confused with Chicago School economists Knight, Friedman, and Sowell. These names are more sober.
Arch enemies inside academia and out include Keynesians, politicians, and corporatists. Doing the right thing tends to put these people out of a job.
The economic theory warrants the end of the Fed and a return to sound money. A general lack of government intervention, which would allow individuals to make their own choices and organize from the bottom-up. Austrian Econ entails everything the motivational speakers at your high school say (individualism, making choices for yourself, making sure to choose good friends), but applied everywhere. How could both groups be wrong?
Austrian Economists include Mises, Hayek, and Rothbard. Say those with a straight face.
Not to be confused with Chicago School economists Knight, Friedman, and Sowell. These names are more sober.
Arch enemies inside academia and out include Keynesians, politicians, and corporatists. Doing the right thing tends to put these people out of a job.
The economic theory warrants the end of the Fed and a return to sound money. A general lack of government intervention, which would allow individuals to make their own choices and organize from the bottom-up. Austrian Econ entails everything the motivational speakers at your high school say (individualism, making choices for yourself, making sure to choose good friends), but applied everywhere. How could both groups be wrong?
"Krugman has a bad case of apoplithorismosphobia."
"Well Bernanke is the one who won't stop debasing the dollar."
"If only they understood Austrian Economics. Then they would appreciate time preference and the history of failure for all fiat currencies."
"Well Bernanke is the one who won't stop debasing the dollar."
"If only they understood Austrian Economics. Then they would appreciate time preference and the history of failure for all fiat currencies."
by CAPSLOCKE November 20, 2013
Get the Austrian Economics mug.Today Austria is only known as the home of the famous Steyr AUG. Arnold Schwarzenegger and Adolf Hitler are considered to be its 'greatest' sons. But in fact is also a wonderful place in the alps where people like Wolfgang Amadeus Mozart, Joseph Haydn, Franz Schubert, Sigmund Freud, Ferdinand Porsche, Erwin Schrödinger, Ludwig Wittgenstein, Karl Landsteiner and many other genius persons were born.
Most people - currently living on this planet - haven't even heard from these Austrians and so they don't know that Austria played a leading role in the development of science, culture and philosophy. Austria was also one of the first superpower states but after the First World War it shrunk to a nonsignificant spot on the globe. Because of this embarrassing fact most of the Austrians turned into misanthropic, unfriendly persons who build bombs in their basements (best known Austrian maniac is Franz Fuchs who blasted several bombs during the mid 90s) or who try to obtain world leadership (e.g. Schwarzenegger). The small but sane rest of the Austrians are hardworking people who achieved that their country developed to one of the richest countries in the world.
Capital city: Vienna
Inhabitants: 8.26 E6
Most people - currently living on this planet - haven't even heard from these Austrians and so they don't know that Austria played a leading role in the development of science, culture and philosophy. Austria was also one of the first superpower states but after the First World War it shrunk to a nonsignificant spot on the globe. Because of this embarrassing fact most of the Austrians turned into misanthropic, unfriendly persons who build bombs in their basements (best known Austrian maniac is Franz Fuchs who blasted several bombs during the mid 90s) or who try to obtain world leadership (e.g. Schwarzenegger). The small but sane rest of the Austrians are hardworking people who achieved that their country developed to one of the richest countries in the world.
Capital city: Vienna
Inhabitants: 8.26 E6
Well, once he was a real Austrian but look at him now!
Hey, face reality! You are no damned Austrian who lives in the past!
Hey, face reality! You are no damned Austrian who lives in the past!
by wrencheater June 17, 2006
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Carol was licking Jon's ass last night. They were having fun, until Jon gave her an Austrian Grenade. She was pissed and stopped licking his ass.
by T-Bag Tyler August 6, 2007
Get the Austrian Grenade mug.A sexual scenario in which a an individual will take hold of his partners clitoris and twist it violently in a typical ignition movement, the woman will then respond with a hearty moan similar to a scooter engine starting, the same action can be performed in reverse with the action been done on the mans genitals.
Dude, gave my girl an Austrian Scooter last night.
off the hook man, she enjoy it?
Yeah man, she purred like a 250.
off the hook man, she enjoy it?
Yeah man, she purred like a 250.
by horny dickcunt January 9, 2011
Get the Austrian Scooter mug.*opponent lines up for a shot* you pull out your Screaming Austrian Defense "Your anus has brought shame to your father!" *opponent misses*
by Tainted Faith September 1, 2009
Get the Screaming Austrian Defense mug.A phrase used to lure unsuspecting victims to a place in order to beat them over the head with a wiffle ball bat
by Whenyouknowthehood October 9, 2016
Get the Austrian Cake mug.A beautiful country where a lot of very famous people come from. Schwarzenegger is very famous. Also from Austria. There were many famous skiers from Austria. Not to mention how many Nobel Prize Winners were Austrian. An Austrian person is a great person from a great Country. And not to Mention Vienna which is one of the most Valuable cities in Europe.
by July. October 29, 2007
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