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Human.action.scholars.edition Ludwig.von.Mises

Human.action.scholars.edition Ludwig.von.Mises

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HUMAN
ACTION
A
Treatise
on
Economics
BY
LUDWIG
VON
MISES
LUDWIG
VON
MISES
INSTITUTE
AUBURN,
ALABAMA
 
The Ludwig von Mises Institute gratefully dedicates
this
restored
Human
Action
to all its Members who aided in thishistoric project,
and
in
particular to
the
following Patrons:Mark M. AdamoThomas
K
Armstrong
Tne
Ammng
Foundation
Richard B. Bleiberg
Dr.
John BratlandJerome
V.
Bmni
The
Bwni
Foundation
Sir John and Lady DalhoffJohn
W.
DemingJohn A. Halter
Mary
and George Dewitt JacobThe Kealiher FamilyWilliam Lowndes, 111Ronald MandleEllice McDonald, Jr., CBE, and Rosa Laird McDonald, CBEWiim
W.
Massey, Jr.Joseph Edward Paul MelvilleRoger MilikenRichard W. Pooley, MDSheldon RoseGary G. SchlarbaumConrad SchneikerLoronzo
H.
and Margaret
C.
ThornsonQuinten
E.
and Marian L. WardKeith
S.
WoodThe Ludwig von Mises Institute
thanks
Bettina
Bien Greaves for permission to reissuethe first edition of
Human Action.
Copyright
O
1998
by
Bettina
Bien GreavesIntroduction Copyright
O
1998
by
The Ludwig von
Mies
InstituteProduced and published
by
The Ludwig von Mises Institute, 518 West MagnoliaAvenue, Auburn, Alabama 36832, (334) 844-2500; fax (334) 844-2583;mail@mises.org;www.mises.org
All
rights reserved.ISBN 0-94546624-2
 
INTRODUCTION^
TO
THE
SCHOLAR'S EDITION
0
CE
in a great while,
a
book appears that both embodies anddramatically extends centuries of accumulated wisdom in aparticular discipline, and, at the same time, radically challenges theintellectual and political consensus of the day.
Human
Action
by
Ludwigvon ~Mises1881-1973) is such a book, and more: a compre-hensive treatise on economic science that would lay the foundationfor a massive shift in intellectual opinion that is still working itselfout
fifty
years after publication. Not even such milestones in thehistory of economic thought as Adam Smith's
Wealth ofNations,
Alfred Marshall's
Principles,
Karl Marx's
Capital,
or John MaynardKeynes's
General The09
can be said to have such enduring signifi-cance and embody such persuasive power that today's students andscholars, as much as those who read it when it first appeared, areso fully drawn into the author's way of thinking. For this reason,and others discussed below, this Scholar's Edition is the original1949
magnum opus
that represents such
a
critical turning point inthe history of ideas, reproduced (with a 1954 index produced byVernelia Crawford) for the fiftieth anniversary of its initial appear-ance.When
Human Action
first appeared, its distinctive AustrianSchooI approach was already considered a closed chapter in thehistory of thought. First, its monetary and business cycle theory,pioneered by Mises in 1912' and extended and applied in the 1920sand 193
OS,~
ad been buried by the appearance of Keynes's
General
1.
The archives
at
Yale University Press, Grove City College, and theLudwig von Mises Institute provided source material.
2.
The Theory ofMonqand Credit, trans. by
H.E.
Batson (Indianapolis, Ind.:Liberty Classics, [19
121
1980).
3.
Essays can be found in
On
the Manipulation ofMonq and Credit, trans.by Bettina Bien Greaves (Dobbs Ferry,
N.Y.:
Free Market Books, 1978).