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Human Action
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Talk about great timing. Rothbard's extraordinary book unravels the mystery of banking: What is legitimate enterprise and what is a government-backed shell game that can't last? His explanation is clear enough for anyone to follow and yet precise and rigorous enough to be the best textbook for college classes on the topic. This is because its expository clarity - in its history and theory - is essentially unrivaled. Most notably, he uses the T-account method of explaining the relationship between deposits and loans, showing the inherent instability of fractional reserve banking.
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The Mises Institute is pleased to present this audio edition of Rothbard's most famous monetary essay - the one that has influenced two generations of economists, investors, and business professionals. The Mises Institute has united this book with its natural complement: a detailed reform proposal for a 100 percent gold dollar. "The Case for a 100 Percent Gold Dollar" was written a decade before the last vestiges of the gold standard were abolished.
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Like F.A. Hayek, Ludwig von Mises moved beyond economics in his later years to address questions regarding the foundation of all social science. But unlike Hayek's attempts, Mises' writings on these matters have received less attention than they deserve. Theory and History, writes Rothbard in his introduction, "remains by far the most neglected masterwork of Mises". Here Mises defends his all-important idea of methodological dualism: one approach to the hard sciences and another for the social sciences.
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5 out of 5 stars
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Without This Book, You Are Uneducated
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A History of Money and Banking in the United States: The Colonial Era to World War II
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In what is sure to become the standard account, Rothbard traces inflations, banking panics, and money meltdowns from the colonial period through the mid-20th century to show how government's systematic war on sound money is the hidden force behind nearly all major economic calamities in American history. Never has the story of money and banking been told with such rhetorical power and theoretical vigor. You will treasure this volume.
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5 out of 5 stars
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A lot to take in.
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Contra Krugman
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This book is a relentless assault on the ideas of Krugman and on the Keynesian economics that would have the government direct the economy in order to maximize prosperity and prevent recessions. Economist Robert Murphy has an uncanny ability to recall Krugman's columns and interviews and puts his command of this material to devastating use.
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5 out of 5 stars
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Author makes economics entertaining
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Nothing makes traditional left and right kiss and make up faster than when they're faced with an articulate libertarian. Avert your eyes from this dangerous extremist, citizen! Government is composed of wise public servants who innocently pursue the common good! In Real Dissent, Tom Woods demolishes some of the toughest critics of libertarianism in his trademark way.
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5 out of 5 stars
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Libertarian to the core
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Liberalism
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Overall4.5 out of 5 stars 95
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In 1927, classical liberalism, based on a belief in individualism, reason, capitalism, and free trade, was dying, when one of the 20th century's greatest social thinkers wrote this combative and convincing restatement. Nowhere are the key principles of Mises' philosophy better represented than in this timeless work. Mises was a careful and logical theoretician who believed that ideas rule the world, and this especially comes to light in Liberalism.
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5 out of 5 stars
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Excellent! Need I say more?
- By Luigi Grimaldi on 03-05-16
Publisher's Summary
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.
What members say
Average Customer Ratings
Overall
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4.5 out of 5 stars
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- Jakob
- 02-24-15
Theory of everything
This explains it all.
It took me several years to get through this audiobook due to its length and scholarly language. It was especially tough to get through the first out of 7 books. But as soon as I started book 2, it became much easier. So many of my previous takes on things had to be reconsidered that it took this long to digest it intellectually. I had to read other books to get up to speed on various subjects, and it inspired me to develop a way of thinking and analyzing. Most chapters made my mind explode in awe as I realized what the author was explaining.
Very well written, although scholarly.
28 of 29 people found this review helpful
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Zephyr
- 07-15-14
Better be prepared to bookmark
Where does Human Action rank among all the audiobooks you’ve listened to so far?
#3: Human action is definitely Von Mises best work, I consider this book to economics what the principia was to physics; it's final chapter the intellectual equivalent of dropping the mic.
Who was your favorite character and why?
There are no characters, its an economics treatise for goodness sake.
Which scene was your favorite?
Dear heavens, I'm pretty sure an algorithm went wrong here.
If you could give Human Action a new subtitle, what would it be?
Free Markets: Boom.
26 of 28 people found this review helpful
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Overall5 out of 5 stars
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Performance4 out of 5 stars
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Story5 out of 5 stars
- Mike
- 08-16-12
Long, but worth every minute. A true masterpiece.
Would you consider the audio edition of Human Action to be better than the print version?
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.
19 of 21 people found this review helpful
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Carey
- LAKE MARY, FL, United States
- 05-08-15
a must read!!!!
couldn't put it down... answers a lot of questions about our current interventist state... this guy really gets it
3 of 3 people found this review helpful
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Chrobry
- 03-14-15
a must
this is a book today everybody should listen to. sometimes it is hard to follow without a book handy, and it is very long... but that is a nature of material. the presentation and context it's brilliant!
3 of 3 people found this review helpful
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Mandola303
- 05-17-16
if you love you can how much you love this book.
it is a very long read but it's well worth it. I don't understand how the speaker could be so consistent butt so interesting. I've heard recordings of Ludwig von mises speak and was concerned that this reading would be difficult to grasp but it was very easy to hear and absorb. It was very insightful. and apparently he can tell the future.
2 of 2 people found this review helpful
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Overall4 out of 5 stars
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Performance3 out of 5 stars
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Story4 out of 5 stars
- Joca Levy
- Brasil
- 02-03-16
Prolix, monotonous performance, but invaluable
Despite the prolixity of the text and the monotony of the reading, I'm sorry to say that this is a "must hear" audiobook. I confess it took me about 6 months to finish.
2 of 2 people found this review helpful
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- I am No Expert
- 11-27-17
By far one of the best economics books ever!!
whether you are a believer of market economics or not, this is one of the best books ever written about market economics.
1 of 1 people found this review helpful
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Overall4 out of 5 stars
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Performance4 out of 5 stars
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Story4 out of 5 stars
- Anonymous User
- 08-09-19
comprehensive analysis human economic action
this audiobook takes a tremendous amount of time to get through but there are several and many high points that can be learned throughout.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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- Jan Bird
- 03-29-19
Essential Austrian Economics
Great studying point for reading Austrian economics. This book is considered one of the 4 key texts of Austrian Economics and you can see why. It's well-written and easy to understand. Little knowledge of economics is necessary before setting out, most is explained as it goes along, just watch a video on basic supply and demand before you start. There's very little, if any, math in the book. Quite a contrast to other economics books and quite on purpose.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Pavlos Moros
- 04-21-18
Most important book in economics
No proper understanding of the economical science is possible without this treatise.
Mises was a gift to the world.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Anonymous User
- 07-05-18
excellent
Good and Easy reasoning/logic. Nice take on economics and good contrast too the keynsian model
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Overall5 out of 5 stars
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Story5 out of 5 stars
- Anonymous User
- 04-18-17
Few more important
The most insightful work on Economics produced in the 20th century. Every time you hear 'imaginary construction of the evenly-rotating economy', drink.