Mises Search

The Law of Marginal Utility The Law of Returns Human Labor as a Means Immediately Gratifying Labor and Mediately Gratifying Labor The Creative Genius Production [This article is excerpted from chapter 7 of Human Action , available in the store . Robert Murphy has written a study guide for this chapter, available in HTML and PDF . This chapter

Human Cooperation A Critique of the Holistic and Metaphysical View of Society Praxeology and Liberalism Liberalism and Religion The Division of Labor The Ricardian Law of Association Current Errors Concerning the Law of Association The Effects of the Division of Labor The Individual Within Society The Fable of the Mystic Communion The Great

1. Human Reason Reason is man’s particular and characteristic feature. There is no need for praxeology to raise the question whether reason is a suitable tool for the cognition of ultimate and absolute truth. It deals with reason only as far as it enables man to act. All those objects which are the substratum of human sensation, perception, and

1. Autistic Exchange and Interpersonal Exchange Action always is essentially the exchange of one state of affairs for another state of affairs. If the action is performed by an individual without any reference to cooperation with other individuals, we may call it autistic exchange. An instance: the isolated hunter who kills an animal for his own

The Gradation of the Means The Barter-Fiction of the Elementary Theory of Value and Prices The Theory of Value and Socialism The Problem of Economic Calculation Economic Calculation and the Market This article is excerpted from chapter 11 of Human Action , available in the store . Robert Murphy has written a study guide for this chapter, available

1. The Two Lines of Marxian Thought and Policies In all countries which have not openly adopted a policy of outright and all-around socialization the conduct of government affairs has been for many decades in the hands of statesmen and parties who style themselves “progressives” and scorn their opponents as “reactionaries.” These progressives

1. The Character of Monetary Entries Economic calculation can comprehend everything that is exchanged against money. The prices of goods and services are either historical data describing past events or anticipations of probable future events. Information about a past price conveys the knowledge that one or several acts of interpersonal exchange

War is a primitive human institution. From time immemorial, men were eager to fight, to kill, and to rob one another. However, the acknowledgment of this fact does not lead to the conclusion that war is an indispensable form of interpersonal relations and that the endeavors to abolish war are against nature and therefore doomed to failure. We may,

1. Monetary Calculation as a Method of Thinking Monetary calculation is the guiding star of action under the social system of division of labor. It is the compass of the man embarking upon production. He calculates in order to distinguish the remunerative lines of production from the unprofitable ones, those of which the sovereign consumers are

I. Introduction Up to the 18th century, historians paid little or no attention to the epistemological problems of their craft. In dealing with the subject of their studies, they again and again referred to some regularities that—as they themselves and their public assumed—are valid for any kind of human action irrespective of the time and the