Choice: Cooperation, Enterprise, and Human Action

Choice: Cooperation, Enterprise, and Human Action

Choice: Cooperation, Enterprise, and Human Action

Choice: Cooperation, Enterprise, and Human Action

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Overview

Human Action—a treatise on laissez-faire capitalism by Ludwig von Mises—is a historically important and classic publication on economics, and yet it can be an intimidating work due to its length and formal style. Choice: Cooperation, Enterprise, and Human Action, however, skillfully relays the main insights from Human Action in a style that will resonate with modern readers. The book assumes no prior knowledge in economics or other fields, and, when necessary, it provides the historical and scholarly context necessary to explain the contribution Mises makes on a particular issue. To faithfully reproduce the material in Human Action, this work mirrors its basic structure, providing readers with an enjoyable and educational introduction to the life’s work of one of history’s most important economists.

Product Details

ISBN-13: 9781598132175
Publisher: Independent Institute, The
Publication date: 06/01/2015
Edition description: None
Pages: 336
Sales rank: 531,257
Product dimensions: 6.10(w) x 9.10(h) x 0.90(d)

About the Author

Robert P. Murphy is Research Fellow at the Independent Institute and author of the widely acclaimed, Independent book Choice: Cooperation, Enterprise and Human Action. He received his Ph.D. in economics from New York University; he is author of seven other books; his articles have appeared in the Los Angeles Times, Detroit News, Washington Times, Orange County Register, Atlanta Journal-Constitution, San Jose Mercury News, Barron’s, Forbes, and Investor’s Business Daily; and he has appeared on CNBC, Fox Business Network, and other TV and radio networks and programs.. Donald J. Boudreaux is research fellow at the Independent Institute, an associate editor of the Independent Review, and the chairman and professor in the department of economics at George Mason University. He has been president of the Foundation for Economic Education and associate professor of legal studies and economics at Clemson University. His articles have appeared in the American SpectatorInvestor’s Business DailyJournal of Commerce, the Wall Street Journal, and the Washington Times, and several scholarly journals such as Antitrust Bulletin; the Journal of Money, Credit, and BankingSouthern Economic Journal, and the Supreme Court Economic Review. He lives in Fairfax, Virginia.

Table of Contents

Foreword Donald J. Boudreaux xv

Acknowledgments xix

Introduction: Relationship between Contents of Choice (Robert Murphy and Human Action (Ludwig von Mises) 15

Part I Human Action

1 The Science of Economics and Human Action 21

2 The Definition and Components of Action 27

3 Economic Theory versus Historical Understanding 35

4 Further Economic Concepts and Principles Flowing from Action 45

Part II Action within the Framework of Society

5 Human Society and the Division of Labor 61

6 The Role of Ideas and the Importance of Reason 77

Part III Economic Calculation

7 Even the Economists Missed the Importance of Monetary Calculation 93

8 What Economic Calculation Can and Can't Do 107

Part IV Catallactics: Economics of the Market Society

9 Defining and Studying the Market Economy 115

10 How Prices Are Formed on the Market 147

11 Indirect Exchange and Money 165

12 The Misesian Approach to Money & Banking 201

13 Capital, Time Preference, and the Theory of Interest 223

14 Austrian Business Cycle Theory 247

Part V Social Cooperation without a Market

15 The Impossibility of Economic Calculation under Socialism 265

Part VI The Hampered Market Economy

16 Government Intervention in the Market Economy 277

Part VII The Place of Economics in Society

17 Economics and Public Opinion 297

Bibliography 301

Index 307

About the Author 315

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