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Human Action: A Treatise on Economics

by von Mises, Ludwig

1949

Summary

Ludwig von Mises’ magnum opus and the most comprehensive systematic treatment of economics from the Austrian School perspective. Mises develops praxeology, the science of human action, from first principles, deriving the entire structure of economic theory from the axiom that humans act purposefully. The book covers economic calculation, capital theory, business cycle theory, the impossibility of socialist calculation, and a sweeping critique of interventionism.

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ISBN: 978-0865976313

Topics

menu_book Austrian Economics trending_up Praxeology calculate Economic Calculation trending_up Free Market science Methodology menu_book Epistemology analytics Economics account_balance Socialism swap_horiz Capitalism trending_up Market Process business_center Entrepreneurship diamond Subjective Value monetization_on Sound Money

Quotes from this book

• The Boom Cannot Last Forever
• The Consumer Is Captain
• Economics Concerns Everyone
• The Entrepreneur Sees the Future
• A Government Can Only Spend What It Takes
• No Escaping the Bust
• No Standard of Satisfaction
• Progressive Taxation as Disguised Expropriation
• Human Action Is Purposeful Behavior
• Socialism Cannot Calculate
• Value Is Within Us