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Human Action: A Treatise on Economics Part 1

Mises Audio Books Podcast

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The Uncertainty of the Future

Most of those risking money on the turf are simply gamblers, but experts believe they know something by understanding the people involved. Embarking upon games can be either an end or a means for professionals who want to make money by winning. The immediate aim in playing a game is to defeat the partner according to the rules of the game. But it is not permissible to reverse this statement and to call every action a game.

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