Human Action is the most important book on political economy you will ever own. It was (and remains) the most comprehensive, systematic, forthright, and powerful defense of the economics of liberty ever written. This is the Scholar's Edition: accept no substitute. You will treasure this volume.
The Scholar's Edition is the original, unaltered treatise (originally published in 1949) that shaped a generation of Austrians and made possible the intellectual movement that is leading the global charge for free markets.
Mises himself wrote the following by way of explanation of why he wrote the book: "Economics does not allow any breaking up into special branches. It invariably deals with the interconnectedness of all phenomena of acting and economizing. All economic facts mutually condition one another. Each of the various economic problems must be dealt with in the frame of a comprehensive system assigning its due place and weight to every aspect of human wants and desires. All monographs remain fragmentary if not integrated into a systematic treatment of the whole body of social and economic relations.
"To provide such a comprehensive analysis is the task of my book Human Action, a Treatise on Economics. It is the consummation of lifelong studies and investigations, the precipitate of half a century of experience. I saw the forces operating which could not but annihilate the high civilization and prosperity of Europe. In writing my book, I was hoping to contribute to the endeavors of our most eminent contemporaries to prevent this country from following the path which leads to the abyss."
The Scholar's Edition of Human Action is the definitive edition of this great work and foundation of every library of freedom.
©1949 Ludwig von Mises (P)2010 Ludwig von Mises Institute
Likely the greatest economic book ever written. I had never been able to finish the written book, but the audio book made me look forward to hours of business travel. Few writers have ever linked macro economic events back to the purchasing decisions of individuals so well. The first few chapters are a bit dry, but they lay the ground work in the psychology and philosophy of the individual that that make the rest of the book brilliant. He describes the future of the next 50 years after the book was written as a pure thought experiment on the consequenses of Kensian and socialist economics. His thought process makes the ongoing actions of the worlds central bankers almost predictable when you take into account the individual and group motivations of the monitary power structure. Strongly recommended with Currency Wars and Endgame as the best economic books in the Audible collection.
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