Human Action

The masterpiece first appeared in German in 1940 and then disappeared, only to reappear in English in 1949. It was a sensation, the largest and most scientific defense of human freedom ever published. As is well known, Mises’s book is the best defense of capitalism ever written. It covers basic economics through the most advanced […]

My Years with Ludwig von Mises

A moving account of her life with “Lu,” from their first days in Vienna to his death in New York in 1973. The reader learns that Mises was a warm and gentle husband, in addition to being a great mind. The author reports interesting anecdotes on various encounters with famous economists and philosophers, both in […]

Economic Point of View: An Essay in the History of Economic Thought

Israel Kirzner is an outstanding student of Mises‘s, and here is his sweeping defense of the Misesian definition of the scope and meaning of economic science. He compares the Misesian view of human action with the neoclassical and classical school, and contrasts their views on rationality, human choice, scarcity, and scientific method. The book came […]

A Biography of Ludwig von Mises

A leading free-market Austrian economist, Ludwig von Mises was a pre-eminent developer of free-market analysis. In his most influential work, Human Action, Ludwig von Mises explored the meaning and workings of freedom. From his pondering on business cycles,marginal utility, free-market competition and enlightened self-interest, Mises concluded that a society functions best when government does little. Ludwig von Mises […]

How to Think Like an Economist

by Murray N. Rothbard This article is excerpted from The Logic of Action One: Method, Money, and the Austrian School (Cheltenham, UK: Edward Elgar, 1997), pp. 58–77. Praxeology is the distinctive methodology of the Austrian School. The term was first applied to the Austrian method by Ludwig von Mises, who was not only the major […]

The Peculiar and Unique Position of Economics

by Ludwig von Mises This article is excerpted from Human Action (1949), chapter 37, “The Nondescript Character of Economics.” The Singularity of Economics What assigns economics its peculiar and unique position in the orbit both of pure knowledge and of the practical utilization of knowledge is the fact that its particular theorems are not open […]