Human Action (Ludwig von Mises)

"Human Action" by Ludwig von Mises is a foundational text in economics and social theory. It argues that human behavior is driven by purposeful actions aimed at achieving goals. Individuals make choices based on their subjective values and preferences, leading to the formation of economic systems. Mises emphasizes the role of entrepreneurship and the importance of market dynamics in resource allocation. By examining human decision-making, he provides insights into the complexity of social interactions and the functioning of economies, asserting that understanding these actions is crucial for analyzing societal outcomes and the role of government.