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.

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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Economic PolicyEconomistsEconomyPhilosophy and Religion
Other Independent Review articles by Peter J. Boettke
Fall 2023 Don Lavoie: The Failures of Socialist Central Planning
Winter 2022/23 Mont Pèlerin 1947: Transcripts of the Founding Meeting of the Mont Pèlerin Society
Summer 2022 Academic Entrepreneurship in Sometimes Hostile Environments: James Buchanan and the Virginia School of Political Economy
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