Ludwig von Mises’s Human Action may be the twentieth century’s best treatise of economics and political economy, but it’s hardly the best understood. Both fans and detractors have misconstrued the book’s emphasis on logical reasoning in the social sciences and its stress on ideas, rather than vested interests, as the prime mover of culture and politics.
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Peter J. Boettke is a Research Fellow at the Independent Institute and Professor of Economics and Philosophy at George Mason University.
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