Human Action: A Treatise In Economics. Chapter IV. A First Analysis of the Category of Action
Human Action: A Treatise In Economics. Chapter IV. A First Analysis of the Category of Action

Summary/Abstract: We learn and profit much from the series of books and papers in which, during the last sixty years, Mises stated, elaborated and strengthened his position. Each and every one of them deserves detailed discussion. Here we start presentation of his third magnum opus, which first appeared in Switzerland in a German edition in 1940, and ten years later in a rewritten English edition under the title Human Action. It covers a wider field than even political economy, and it is still under evaluated. Mises' contribution is very simple, yet at the same time extremely profound. He points out that the whole economy is the result of what individuals do. Individuals act, choose, cooperate, compete, and trade with one another.

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