Human Action

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Human Action: A Treatise on Economics is the magnum opus of the great economist Ludwig von Mises. Published by Liberty Fund Inc in four hardback volumes, the masterwork is sold as a set in an attractive slipcase.

In Human Action , Mises explains complex market phenomena as ‘the outcomes of countless conscious, purposive actions, choices, and preferences of individuals, each of whom was trying as best as he or she could under the circumstances to attain various wants and ends and to avoid undesired consequences,’ according to Bettina Bien Greaves in her foreword to this volume. These individual choices are the ultimate regulators of the market, determining supply and demand, prices, and, in the end, prof