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18 of 18 people found the following review helpful
5.0 out of 5 stars One of the most important books ever written, 16 Feb 2009
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Mr. R. Said (Liverpool, United Kingdom) - See all my reviews
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This is one of the finest and most important books ever written and yet the book is not widely known.
The author is the most important figure in the 'Austrian School' of economics but the book is about much more than economics, its about life and the motivating factors that drive humans in their interactions. The author hardly uses any numbers or charts, as normal in economic texts, but conveys the essence of the economics through a masterful use of simple language.
The book conveys deep psychological and sociological insights and combines this with a deep understanding of philosophy and politics to explain how and why humans act.
Buy this book and expand your understanding.
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11 of 11 people found the following review helpful
5.0 out of 5 stars The Father of Economics, 25 Sep 2009
By 
Mr. Geoff Paye "geoffpaye" (england) - See all my reviews
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Von Mises and his adherents in what has become known as the Austrian School are without doubt the most neglected grouping in Economics.
They are taught very little in the Keynes-obsessed economics departments of universities on both sides of the Atlantic, and yet present an entirely more coherent account of money, banking, finance and economic activity as a whole.
It would be fair to say that if their counsels had been paid greater heed, the current economic crisis would not have occurred.
Human Action is von Mises's magnum opus. Its very title tells us where all economic activity necessarily begins and ends - not with consumption, nor with fiscal or monetary stimulus, not the trade cycle or the multiplier, but with Human Action.
A must-read for anyone with a serious interest in economics.
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10 of 10 people found the following review helpful
5.0 out of 5 stars A masterclass in social philosophy relevant to the 21st Century, 23 Sep 2009
Ludwig von Mises was an intellectual giant, and this is in my opinion his greatest work, and possibly one of the most thoughtful, insightful and important books ever written. Other reviewers have already said in detail everything I wanted to, so I will simply confine myself to saying this is absolutely essential reading for anyone who wants to truly understand political economics and social philosophy.
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1 of 1 people found the following review helpful
5.0 out of 5 stars Challenging, enjoyable, and foundational., 14 Oct 2011
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If only more people would take the time and make the effort to work through this book, without prejudice, it would add to the quality of our political and economic discourse. Friends of mine, who study economics, have dismissed it without reading it because of what they mistakenly believe the author to represent.

As we implement lean management processes at work, I have found the foundations of this book to be useful tools and concepts for helping my operational staff understand why we are eliminating waste. All of us are taking actions, and the analysis is to what degree those acts will result in the end we are seeking. Basically, "Are you going to get what you want by doing that?"

In light of the U.S. debt, the housing crash, the Greek default(s), the banking crisis and bail-outs, consumer debt/spending, etc., I feel that this book is relevant and important now (again).

-knd
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20 of 25 people found the following review helpful
5.0 out of 5 stars A Masterwork, 23 Aug 1998
By A Customer
This is the greatest economics book ever written. Mises was an absolute genius and this is his magnum opus. After reading this there are no doubts left about the greatness of capitalism and the depravity of socialism. He covers every aspect of the market economy, as well as the characteristics of the socialist and hampered economies. He explodes fallacy after fallacy. This book reveals that capitalism is the greatest thing that has ever happened to the world. It has elevated living conditions to previously unthinkable heights. It is the only system that fosters human beings to live in civilized manner. This book is unparalled in human thought. It is the economic equivalent to Ayn Rand's fiction masterpiece Atlas Shrugged.
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16 of 20 people found the following review helpful
5.0 out of 5 stars In two words: Master Work., 12 Feb 2006
I do not dare to give a professional opinion about this master work, as I am not an economist. I can only say that this book is a fundamental and brave work which enlight your view about economy and human action, far away from socialist and socialdemocrat topics.
It is divided in seven parts (I translate the titles from my spanish edition, sorry if it is not as accurate as I'd wish):
1. The human action.
2. The accion in the social frame.
3. The economic calculation.
4. The theory of market.
5. The social cooperation in absence of the market.
6. The market under intervention.
7. The place of economic science in the social frame.
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11 of 14 people found the following review helpful
5.0 out of 5 stars Human action, not plans, make the world go 'round, 11 Sep 1998
By A Customer
Starting from two irrefutable premises 1) Humans act, 2) They act in order to improve their current condition, Mises builds an astounding edifice that demonstrates the supremacy of what is called laissez faire capitalism. Only each individual knows how best to meet his or her own needs. All the other isms which require or depend on government intervention to one degree or another are doomed to ultimately fail because of this. This is not an easy book to read but worth the effort. Mises smashes what passes for economic reasoning by most journalists, lawyers, and politicians through the use of logic based on sound economic theory.
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9 of 12 people found the following review helpful
5.0 out of 5 stars The most important concept in the logic of liberty, 13 Sep 2001
By A Customer
The social orders most important to human well-being are spontaneous orders, that is, orders that result from the interplay of individuals mutually adjusting their actions to the actions of others. Spontaneous orders, in Human Action by Ludwig von Mises, are the result of human action but not of human design.Ludwig von Mises recogises the economic market as leading an order and science itself a spontanous order, both in terms of the activity of science itself and the results of scintific inquiry that most difficult to grasp. Thus, when order is achieved among human beings by allowing them to interact with each other on their own initiative- subject only to laws which uniformly apply to all of them- we have a system of spontaneous order in society as descibed in Human Action by Ludwig von Mises.
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