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Human Action: A Treatise on Economics Part 1

Mises Audio Books Podcast

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Praxeology and the Universalism of the World

Praxeology begins its investigations from the individual action. Universalism, collectivism and conceptual realism see only wholes and universals. The act of choosing is always a decision among various opportunities open to the choosing individual. Man never chooses between virtue and vice, but only between two modes of action, which we call virtuous or vicious. Praxeology asks, what happens in acting? What does it mean to say that an individual, then and there, to day and here, at any time and at any place,.

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