Human Action: A Treatise On Economics (1949)

Human Action: A Treatise on Economics is a book written by Ludwig von Mises and first published in 1949. It is a comprehensive treatise on economics that covers a wide range of topics, including economic theory, methodology, history, and policy. The book is divided into six parts, with each part focusing on a different aspect of economics.Part One of the book lays out the foundations of economic theory, including the concepts of action, choice, and value. Part Two delves into the theory of the market economy, examining the role of prices, competition, and entrepreneurship. Part Three explores the role of money in the economy, including the functions of money, the monetary system, and the business cycle.Part Four discusses economic policy, including the role of government in the economy, the effects of interventionism, and the theory of taxation. Part Five examines the history of economic thought, tracing the development of economic theory from ancient times to the present day. Finally, Part Six concludes the book with a discussion of the future of economics and the challenges facing the discipline in the modern world.Throughout the book, Mises argues that economics is a science of human action, based on the principles of individual choice, subjective value, and market coordination. He emphasizes the importance of free markets, private property, and sound money in promoting economic growth and prosperity. Human Action is widely regarded as one of the most important works in the history of economic thought and has had a profound influence on the development of libertarian and Austrian economics.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.