Monday, September 12, 2016
Free Download: Ludwig von Mises, "Human Action: A Treatise on Economics"
"Human Action: A Treatise on Economics"
"Ludwig von Mises’s majestic magnum opus, "Human Action: A Treatise on Economics," was published on September 14, 1949. In the nearly seven decades since its appearance, "Human Action" has come to be recognized as one of the truly great classics of modern economics.
Often a “classic” means a famous book considered to have made important contributions to a discipline that is reverentially referred to but is rarely ever read. In economics, Adam Smith’s "Wealth of Nations" is the typical example of such a work. Every economist has heard of the “invisible hand” and the notion of self-interest furthering the public interest through the incentive mechanism of the market, but probably few economists nowadays have actually read more than a handful of snippets and brief passages from Smith’s treatise.
However, "Human Action" uniquely stands out as a classic in the literature of economics. Not only among Austrian economists but also for a growing number of other people, Mises’s brilliant treatise continues to be read and taken seriously as a cornerstone for understanding the nature of the free society and the workings of the market economy.
It has taken on even more significance in these early decades of the twenty-first century precisely because of the economic crises through which the world has been passing. It rings just as relevant today as when it was published in 1949 because the issues that Mises dealt with in "Human Action" and in many of his other works still dominate the public-policy discourses of our own time."
Freely download "Human Action: A Treatise on Economics", by Ludwig von Mises, here: