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Human Action
by Ludwig von Mises · 1949
★★★★★Editor's Pickadvanced
The magnum opus of Austrian economics. Mises constructs the entire edifice of economic theory from the axiom of human action.
★ Why We Recommend It
If you read only one comprehensive work on economics in your life, make it this one.
Best For:Advanced studentsSerious scholarsGraduate reading
★ Key Takeaways
What You'll Learn from Human Action
- 1All economic phenomena derive from individual human choices and actions.
- 2The market is a dynamic process driven by purposeful human behavior.
- 3Interventionism creates unintended consequences that lead to more intervention.
- 4Sound money is the foundation of economic calculation and planning.
- 5Praxeology — the logic of human action — is the foundation of economic science.
★ About the Author
Ludwig von Mises
Ludwig von Mises (1881–1973) was an Austrian School economist, historian, logician, and sociologist. He is widely considered the most important economist of the 20th century in the classical liberal tradition. His magnum opus, Human Action, presented a complete system of economic theory built on the foundation of individual human action.
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