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Human Action: A Treatise on Economics Part 1

Mises Audio Books Podcast

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Praxiology Is a Science, Not a Theorem

Man uses reason in order to choose between the incompatible satisfactions of conflicting desires. Praxiology, as a science, cannot encroach upon the individual's right to choose and to act. The final decisions rest with acting men, not with theorists. Science's contribution to life action does not consist in establishing value judgments but in clarifying conditions under which man must act.

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