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Human Action: A Treatise on Economics Part 1

Mises Audio Books Podcast

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Constancy and Rationality in Acting

The scale of value manifests itself only in real acting. It is therefore impermissible to contrast it with real acting and use it as a yardstick for the apprais of real actions. The attempt has been made to attain the notion of a non rational action by this reasoning, if a is preferred to b and b to c, logically a should be preferred to c. This reasoning disregards the fact that two acts of an individual can never be synchronous.

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