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
Mr. Putin
Way of the Warrior Kid 3
Energy And Civilization
War and Chance
Personal Knowledge
Obvious Adams
The Great Escape
Insanely Simple
A Thousand Splendid Suns
My Brother Ron
Prof. Arnold Ehret's Mucusless Diet Healing System
Violence and Social Orders
On Bullshit
Swarm Troopers
How to Stop Worrying and Start Living
How to Read a Book
Treasure Island
The Tipping Point
George's Marvellous Medicine
What You Want
Why Nations Fail
How to Talk So Kids Will Listen & Listen So Kids Will Talk
The Status Syndrome
Chasing the Light
Pandaemonium
The Story of Civilization: The Renaissance
The Science of Conjecture
The Signal and the Noise
The Aeneid
Market Wizards
The Case for Nationalism
The E-Myth Revisited
The Count of Monte Cristo
The Greatness Mindset
The Road
What Do People Do All Day?
The Half-Life of Facts
Lost in Shangri-La
Who Am I
Endurance
The Mind Doesn't Work That Way
Resurrection From The Underground
American Buffalo
The Writing Life
Chasing Hillary
The Case Against Sugar
Applied Minds
The Double Helix
As One Is
The 15 Commitments of Conscious Leadership
Hacks
Save The Cat!
What is Life?
Daughter of the Heartland
How To Talk to Anyone
Learn or Die
The Second Mountain
Inside The House of Money
The Red Decade
Dune
I Wrote This Book Because I Love You
Radical Acceptance
One Summer
The Four Agreements
The Fourth Revolution
I Heard God Laughing
No Future Without Forgiveness
Scale
Putin's Kleptocracy
The Scout Mindset
The Net & The Butterfly
Jesse Livermore - Boy Plunger
Shattered
Have Space Suit - Will Travel
Bull by the Horns
Ringworld
Dapper Dan
The Making of Europe
Brotopia
Indigenous Continent
The Decadent Society
When
Eco-Farm
Kant and the Platypus
The Serengeti Rules
Flowers for Algernon
Eat a Peach
The Story of Philosophy
The Halo Effect...
Team of Rivals
Catherine the Great
The Ancient City
Direct Truth
Creativity: Flow and the Psychology of Discovery and Invention
Radical Son
The Essential Wooden
The Dream of Reason
A World-Class Education
Cultural Strategy
The 22 Immutable Laws of Marketing