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Human Action: A Treatise on Economics Part 1

Mises Audio Books Podcast

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The Utilitarian Economist

For what the individual must sacrifice for the sake of society, he is amply compensated by greater advantages. No reasonable being can fail to see this obvious fact. Law and legality are no longer revered as unfathomable decrees of heaven. The only yardstick that must be applied to them is that of expediency with regard to human welfare. In his eyes, god's magnificence does not manifest itself in busy interference with sundry affairs of princes and politicians. He advises him to recognize what his rightly understood interests are.

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