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Human Action: A Treatise on Economics Part 1

Mises Audio Books Podcast

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Pre Meditation and the Recording of Action

Modern civilization is characterized by the fact that it has elaborated a method which makes the use of arithmetic possible in a broad field of activities. The mental grasp and analysis the problems present in a calculating market system were the starting point of economic thinking, which finally led to general praxeological cognition. This is what people have in mind when attributing to it the not very expedient and often misleading epithet of rationality.

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