Human Action
Human Action: A Treatise on Economics is the thirteenth work of the Austrian economist Ludwig von Mises. Widely considered Mises' magnum opus, it presents the case for laissez-faire capitalism based on the author's praxeology, or rational investigation of human decision-making. It rejects positivism within economics. It defends an a priori epistemology and underpins praxeology with a foundation of methodological individualism and speculative laws of apodictic certainty. Mises argues that the free-market economy not only outdistances any government-planned system, but ultimately serves as the foundation of civilization itself.
Nationalökonomie: Theorie des Handelns und Wirtschaftens is the 1940 German-language predecessor to Human Action.
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“... it is as true in morals as in physics that all force is imperishable; therefore the consequences of a human action never cease.”
—Tennessee Claflin (1846–1923)