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Human Action: The Scholar's Edition Paperback – November 29, 2010

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Product Details

  • Paperback: 912 pages
  • Publisher: Ludwig von Mises Institute (November 29, 2010)
  • Language: English
  • ISBN-10: 1610161459
  • ISBN-13: 978-1610161459
  • Product Dimensions: 6.9 x 4.5 x 1.4 inches
  • Shipping Weight: 1.4 pounds (View shipping rates and policies)
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (22 customer reviews)
  • Amazon Best Sellers Rank: #51,750 in Books (See Top 100 in Books)

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65 of 68 people found the following review helpful By D. W. MacKenzie on November 30, 2010
Format: Paperback
This new edition is, obviously, more affordable and portable than prior editions. This is helpful, as one can now take this classic book to read most anywhere. It is a long and complicated book, so finding enough time to read it is problematic.

Human Action is one of the ten most insightful books on economics ever written. This is impressive, but even more impressive that Mises has more than one book on this list (in my opinion). Human Action is the most recent (hopefully not the last) great treatise on political economy. While some treatises compile the ideas of others, there are many original and important insights to this book. Perhaps the most important insight of this book concerns economic calculation. Mises sees economic calculation as the most fundamental problem in economics. The economic problem to Mises is that of action. We act to dispel feelings of uneasiness, but can only succeed in acting if we comprehend causal connections between the ends that we want to satisfy, and available means. Mises is drawing upon Menger's brilliant 1871 book here, but he has his own ideas as well. The fact that we live in a world of causality means that we face definite choices as to how we satisfy our ends. Human Action is an application of Human Reason to select the best means of satisfying ends. The reasoning mind evaluates and grades different options. This is economic calculation.

Economic calculation is common to all people. Mises insisted that the logical structure of human minds is the same for everybody. Of course, this is not to say that all minds are the same. We make different value judgments and posses different data, but logic is the same for all.
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14 of 16 people found the following review helpful By Waried on August 4, 2011
Format: Paperback Verified Purchase
Mises brings us in the understanding of the praxeology (study of human action) principles which are based on a simple axiom which is "Human Action is purposeful behavior". From that simple axiom he takes the reader in an incredible journey in free-market economics world and the understanding of the phenomenon happening in a market economy.

If you are new in economics study, I would not suggest you to start with that book. First, because it's 900 pages and it can be quite complex in certain part. But, if you are a little aware of the economics principles and know it interest you, it's a must read!!
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19 of 23 people found the following review helpful By kmhsellers on March 22, 2012
Format: Paperback Verified Purchase
This edition is more impressive than I expected in terms of the quality of materials. I anticipated this being similar to a typical paperback, but the paper and cover are much higher grade than that. In terms of physical quality, I am very pleased with this book.
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Ludwig von Mises was one of the intellectual giants of the twentieth century. His contributions to economics, political theory and the social sciences were profound.

Born in Lemberg in the Austro-Hungarian empire in 1881, Mises graduated from the University of Vienna with a Doctor of Laws in 1906. From 1909, he worked in economic public policy for the Austrian Chamber of Commerce, combining this with research, writing scholarly works and lecturing at the University. In the twenties, he ran a fortnightly Privatseminar for a select group of young Viennese intellectuals many of whom later became famous in their own right; they included economists Gottfried von Haberler, Friedrich Hayek, Fritz Machlup, Oskar Morgenstern, Richard von Strigl, and Paul Rosenstein-Rodan, plus philosopher Felix Kaufmann, sociologist Alfred Shutz, and philosopher of history Erich Voegelin.

During this period he wrote his path-breaking work on monetary theory, The Theory of Money and Credit (1912), Nation, State and Economy (1919), Socialism (1922), Liberalism (1927), Monetary Stabilization and Cyclical Policy (1928), A Critique of Interventionism (1929), and Epistemological Problems of Economics (1933).
In 1934, after forty years in Vienna, concerned about the inevitability of Nazi takeover, Mises accepted a position at the Graduate Institute of International Studies in Geneva. Here he was able to devote himself completely to his study of economics which resulted in Nationalokonomie, the basis for his magnum opus Human Action. In 1940, blacklisted by the Nazis and feeling unsafe, he and his wife Margit escaped to America.

He arrived in New York, aged nearly 60, with no job and without complete familiarity with English.
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4 of 4 people found the following review helpful By Alexander David Fortune on November 17, 2013
Format: Paperback Verified Purchase
Cannot believe I majored in business and economics for without having this for the first two years. This book has Mises' altogether unique insights on just about everything you can think of. It is less economic textbook and more bible.
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1 of 1 people found the following review helpful By Antitruster on May 10, 2013
Format: Paperback Verified Purchase
Despite its length and a quite technical and non-inspiring start, the volume is heart-breaking, it opens new paths, changes perceptions and misconceptions. Magnificent style, simple but not-simplistic, a whole new world appears before your eyes.
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2 of 3 people found the following review helpful By Ian Ivey on May 27, 2008
Format: Hardcover
The contents of the book have been reviewed by many others, and there's no doubt about the staggering significance of Mises' contribution to the study of economics (i.e., the study of human action) in this book. My review thus focuses on this Scholars' Edition, the blue hardcover binding that comes in its own box.

The binding is of excellent quality, and is handsome. The Scholars' Edition includes many useful notes and additions, including altered typeface to set off sections that were included in some revisions and not in others.

Perhaps the only problem with the Scholars' Edition is that the pagination is not identical to the most common (not to mention more affordable and more easily available) red-covered version. As a result, facilitating discussions using this version can be a challenge when students are using a different edition.
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