Human Action

A Treatise on Economics

Ludwig Von Mises

Book Reviews

One of the four books that taught Charles Koch "how the world works.”

Michael Saylor recommended Human Action on his Bitcoin website, Hope.com

Book Synopsis

Human Action, written by Ludwig Von Mises, explores the fundamental principles of economics and human decision-making. With remarkable clarity and comprehensive analysis, Mises examines the relationship between human action, individual choices, and the functioning of a market economy.

Using the praxeological method, Mises argues that all human action is purposeful and aims at achieving desired ends. He delves into the concept of subjective value, emphasizing the role of individuals in determining the value of goods and services. Mises also investigates the impact of incentives, entrepreneurship, and innovation on economic development.

Throughout the book, Mises meticulously dissects key economic concepts such as money, inflation, interest rates, and the business cycle. He exposes the flaws in various economic theories and highlights the importance of allowing the free market to thrive without government intervention.

Mises warns against the dangers of socialism, pointing out the inherent flaws in centralized planning and the destruction it brings to individual freedom and prosperity. He argues that economic planning must not ignore the realities of human action and the market's ability to coordinate complex interactions.

Human Action is a tour de force in economics, providing a foundational understanding of how individual choices shape the world we live in. Mises' rigorous analysis, sharp insights, and commitment to liberty make this work a seminal contribution to the field.

Explore More Books

See All
Rick and Morty Book Four
Indigenous Continent
Call Me Ted
Accidental Presidents
The Psychedelic Explorer's Guide
A Confederacy of Dunces
Mission
Against Empathy
Stretching the School Dollar
Losing The Signal
The Four Obsessions of an Extraordinary Executive
As One Is
The Creative Curve
Waiting for Godot
Sam Walton
Autobiography of a Yogi
The Economics of Microfinance
Reminiscences of a Stock Operator
Powering the Future
The Great Challenge
Dog Man
Genius
The Journalist and the Murderer
Bird by Bird
The Heart of Yoga
Complexity and the Economy
Infectious Generosity
The Laws of Thermodynamics
Interventions
Bossypants
Killers of the Flower Moon
The Supermen
The Gifts of Imperfection
Troubled
Replay
The Fortunes of Africa
Win Bigly
Our Mathematical Universe
The Myth of the Strong Leader
The Elephant in the Brain
The Three Body Problem
Different
Without Their Permission
The Discovery of France
The War of Art
Physics from Finance
Travels with Charley
Distant Force
Hansel and Gretel
A History of the Theory of Investments
How To Talk to Anyone
Impromptu
First a Dream
Facing Love Addiction
Letters from a Stoic
Dream Big
Poor Economics
Becoming
Upheaval
The New Science of Strong Materials
UFO Hunters
Altars of Unhewn Stone
For the Love of the Land
Lincoln In The Bardo
The Yoga Sutra of Patanjali
Simple & Direct
Dealing with China
The Story of Civilization: The Age of Napoleon
The Wages of Guilt
The Individualists
The 15 Commitments of Conscious Leadership
The Bonfire of the Vanities
Self-Made Success
Traction
Fundamentals of Plasma Physics
Principles
David Bowie
Brave New World
Dopamine Detox
I Wrote This Book Because I Love You
On The Principles of Political Economy and Taxation
Twelve Against The Gods
Disruptor
Sexual Personae
Spiritual Warfare
I Think, Therefore I Laugh
The Theory of Investment Value
Long Walk to Freedom
Graphs, Maps, Trees
Essays and Aphorisms
City of the Century
On Writing
The Postman Always Rings Twice
Arctica
Catastrophic Care
Stone Age Economics
Broken Money
Billy Martin
The Hard Thing About Hard Things
Focus