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Human Action, The Scholar's Edition Hardcover – February 1, 2010

4.7 out of 5 stars 15 customer reviews

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Product Details

  • Hardcover: 912 pages
  • Publisher: Ludwig von Mises Institute; 3rd edition (February 1, 2010)
  • Language: English
  • ISBN-10: 1933550317
  • ISBN-13: 978-1933550312
  • Product Dimensions: 11 x 8.5 x 1.2 inches
  • Shipping Weight: 3 pounds (View shipping rates and policies)
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (15 customer reviews)
  • Amazon Best Sellers Rank: #312,368 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

By D. W. MacKenzie on December 8, 2009
Human Action is one of the 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. Human reason and economic calculation have limitations, but Mises sees no alternative to economic calculation as a means of using scarce resources to improve our well being.

Human Action concerns dynamics. The opposite to action is not inaction. Rather, the opposite to action is contentment.
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You can get this book for $20 over at the Mises Institute website.

20 Federal Reserve Notes and two months later and I cannot imagine a better way I could have spent that time or money.

If you have a high time preference for becoming smarter, understanding the market economy, refuting trite fallacies other annoy you with daily, and want a solid understanding of the repercussions that will come from your government's decisions, this book is not just going to be your n...it is going to be your (n - 1).

Buy it, read it, rock harder than the rest.

*Edit: Mises Institute just released a $10 edition of the book. It is so cheap you should feel like you are stealing when you get it for that price.
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By 6Kathay9 on November 24, 2012
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My 15 year old requested this book. How could I say no? At 800+ pages he is getting an amazing look at the world of praxeology and how it affects our relationship with economics and by extension the quality of the lives we choose.
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I consider his views on motivations of politicians rather naive. But when he makes a point, it's hard to argue with his logic, and his writing style is awesome.
Some people told me that the views in this book are rather dated. Those people have never actually read the book. Communists and politicians use the same arguments to promote the same "new and exciting" ideas they were trying to push 100 years ago. This book in details explains why all of it is false and will lead to disaster and misery. There is no shortage of examples where socialism failed. However, there are always reasons to believe that "This time is different". It never is. I have read works by Adam Smith, Friedrich Hayek, Milton Friedman, Murray N. Rothbard and others. And in my opinion, Mises is the greatest of them all
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I,ve heard about this tome for many years,got reminded from the Ron Paul campaign,and it's everything that's said about it, if you're looking for a better than a economic understanding;if you're looking for comprehensive view of history,and economics,this is your ticket.
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this book is the keystone to understanding economics in our modern society. don't be put off by its philosophic grounding in the early chapters. it is a wonderful read
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This book is deep and thorough in its scientific explanation of how Ecomonimcs work, and how individual choice matters. Although written over 70 years ago it still holds true today. If only more people could know the truths spoken here, they would have a better understanding of how the world works, and how it has been so convoluted with bad ideas that were seeded over 100 years ago. I highly recommend it to anyone!
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The best book ever written about economy. Why this is not taught in schools and universities?
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