Mises Audio Books Podcast Human Action: A Treatise on Economics Part 1
Oct 28, 2015
00:00
Economics As A New Science
- Economics discovered regular, universal laws of human action separate from ethics and natural sciences.
- This created praxeology: a formal, general science of purposeful human choice.
Value Theory Becomes Choice Theory
- The subjective theory of value generalizes economics into a science of all human choice.
- Praxeology studies means and choices irrespective of ultimate ends.
Method Debates Were Epistemological
- The epistemological debate over economics targeted its foundations, not mere methodology.
- Praxeology needed defense against positivism, historicism and polylogism.
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Introduction
00:00 • 4min
The Transformation of the Theory of Value
03:55 • 3min
Choosing Determines All Human Decisions
06:58 • 2min
The Importance of Economics in the Modern World
08:48 • 5min
Polylogism and Irrationalism Attack the Sciences of Human Action
13:19 • 2min
The Importance of the Theorems of Economics
15:35 • 3min
The System of Economic Theory Is Not Perfect
18:39 • 3min
The Economics of the Industrial Revolution
21:46 • 6min
A Treatise on Economics
27:57 • 4min
Conscious or Purposeful Behavior
32:16 • 3min
Action Is Not Just Giving Preference
35:37 • 2min
Action Is a Real Thing
37:45 • 3min
What Makes a Man Happier?
41:01 • 4min
The Attraction of Happiness in Action Is a Science of Means, Not of Ends
44:53 • 2min
Instinct Psychology - The Importance of the Intense Impulse
47:12 • 3min
The Ultimate Substance
50:31 • 3min
The Importance of Human Action
53:44 • 3min
The Absolute Ends of Action
56:51 • 3min
Irrational or Rational?
59:59 • 4min
The Subjectivism of the General Science of Human Action
01:04:07 • 3min
Causality - A Category of Action
01:07:10 • 2min
The Problem of Causality
01:09:21 • 3min
The Problems of the Mind Body Relationships
01:12:37 • 3min
Is There a Third Way Available?
01:15:21 • 3min
The Problem of Reasoning and Scientific Inquiry
01:18:41 • 3min
The Science of Purposeful Human Behavior
01:21:49 • 3min
The Science of Human Behavior Is Not Physiology
01:24:47 • 3min
Praxeology and History Are a Manifestation of the Human Mind
01:27:55 • 4min
The History of the Natural Sciences
01:32:23 • 3min
The History of the Sciences of Human Action
01:34:59 • 4min
The Importance of a Priori Knowledge
01:39:16 • 2min
The Evolution of Reason, Intellect and Logic
01:41:45 • 3min
The Problem of the a Priori
01:45:04 • 3min
The Immutability of the Human Mind
01:48:22 • 3min
The Theorems of Pre-Logical Thinking
01:51:15 • 4min
The Importance of Exorcism
01:54:54 • 3min
The Quantum Theory Is a Prioristic Science
01:58:10 • 4min
Prax Logical Reasoning - The Essential Features of Action
02:02:23 • 2min
Experience of a Complex Phänomenon
02:04:50 • 3min
Four Principles of Methodological Individualism
02:08:14 • 5min
The Life of a Social Collective
02:12:54 • 2min
The Ego Is the Unity of the Acting Being
02:15:09 • 3min
Praxeology and the Universalism of the World
02:18:15 • 3min
The Purpose of Praxeology
02:21:44 • 3min
The Common Man
02:24:51 • 3min
The Task of the History Maker Is the Study of the Past
02:27:49 • 3min
History Is a History of Value Judgments
02:31:10 • 3min
The History of the Past and Present
02:34:23 • 3min
Understanding and Understanding
02:37:30 • 3min
The Conception and Understanding of History
02:40:39 • 3min
The History of the Non Historical Sciences
02:43:56 • 3min
Historical Disagreements in the Books of History
02:47:20 • 3min
The History of the Civil War
02:50:34 • 3min
The Impracticability of Measurement in Human Action
02:53:29 • 3min
Understanding the History of the World
02:56:42 • 3min
The Uncertainty Principle
03:00:00 • 4min
The History of the Natural Sciences
03:04:00 • 2min
What Is an Ideal Type?
03:06:25 • 3min
The Use of Ideal Types in Statistical Analysis
03:09:41 • 3min
The Historical Ideal Type Entre Prenur
03:12:43 • 4min
The Classical Economists Defeated the Ideal Type
03:16:18 • 3min
The Distinction Between Economic and Non Economic Motives of Human Action
03:18:56 • 4min
The End of Science Is to Know Reality
03:23:19 • 2min
The Disutility of Labor
03:25:34 • 3min
The Importance of the History of Economics
03:28:38 • 4min
The Ineffable and the Unfathomable
03:32:58 • 2min
Understanding the Theorems of Economics
03:34:47 • 4min
The Limitations of Praceological Concepts
03:38:27 • 3min
Absolute Perfection Is a Paradox.
03:41:42 • 3min
The Revolt Against Reason
03:45:00 • 3min
The Revolt Against Reason
03:48:19 • 3min
Socialism Is the Final Cause of Mankind's Evolution
03:51:29 • 3min
The Logic of Racism and Marxian Polylogism
03:54:43 • 3min
The Infallibility of a German Mind
03:57:46 • 3min
The Problem of Ideology
04:00:48 • 4min
The Ideology of Utilitarianism
04:04:36 • 2min
The Theorem of Comparative Costs
04:06:58 • 3min
The Mysticism of the Proletariat
04:10:03 • 3min
The British Bourgeoisie and the Abandonment of Free Trade
04:13:15 • 3min
A Special Class Interest of the Faucets
04:16:18 • 3min
The Marxism of the World
04:19:23 • 3min
Four, the Racial Polylogism
04:22:36 • 4min
Race and the Logic of Thought and Action
04:26:24 • 2min
The Absolute Source of All Human Knowledge
04:28:40 • 3min
The Origins of Value Judgments
04:31:34 • 3min
The Importance of History and Politics
04:34:52 • 3min
The Importance of Reason
04:38:00 • 3min
Envy Is a Widespread Frailty
04:41:14 • 3min
The Ends and Means
04:44:18 • 3min
Economics and Praxeology Do Not Deal With the External World
04:47:29 • 3min
The End and the Means of Action
04:50:36 • 3min
The Scale of Value
04:53:51 • 3min
The Concepts of Normality and Perversity Have No Place in Economics
04:56:46 • 3min
The Importance of Applied Physiology
05:00:03 • 3min
The Difference Between Valuation and Loss
05:03:18 • 4min
The Concept of Time
05:07:41 • 3min
Continuity Really Lived
05:10:12 • 3min
The Economization of Time
05:13:19 • 3min
Constancy and Rationality in Acting
05:16:31 • 3min
The Virtue of Consistency in Acting
05:19:50 • 4min
Chapter Seven, Uncertainty
05:23:21 • 4min
Probability and the Calculus of Probability
05:27:07 • 2min
The Problem of Probability in the Natural Sciences
05:29:35 • 3min
The Calculus of Probability Is Not a Gambler's Guide
05:32:45 • 3min
Insurance of a Whole Class
05:35:49 • 3min
The Importance of Class Probability
05:38:47 • 3min
Class American Presidential Elections
05:41:57 • 2min
Gambling, Engineering and Speculating
05:44:12 • 4min
The Social Engineer Is a Speculator
05:47:53 • 4min
The Metaphor of Voting
05:51:53 • 2min
The Calculus of Probability Is a Misnomer
05:54:18 • 4min
The Uncertainty of the Future
05:58:31 • 2min
Playing Games and the Conduct of Business Within a Market Society
06:00:20 • 3min
Six, Quantitative Approach to Economic Problems
06:03:25 • 4min
Acting Man Values Things as Means for the Elimination of Unease
06:06:58 • 3min
The Utility of a Compound
06:10:18 • 3min
Choosing Between Gold and Iron
06:13:24 • 3min
The Concept of Total Utility and Total Value Is Immaterial for the Act of Choice
06:16:26 • 3min
Class of Wants in Economics
06:19:33 • 3min
Classification of Wants and the Theory of Value
06:22:27 • 3min
The Law of Marginal Utility
06:25:40 • 3min
The Law of Marginal Utility
06:28:37 • 4min
The Confusion of Marginal Utility and the Weber Fechner Law
06:32:33 • 2min
The Law of Returns
06:34:26 • 3min
The Law of Returns Teaches That for an Economic Good, There Is an Optimum
06:37:53 • 4min
The Law of Returns Is Not Limited to the Use of Complementary Factors
06:41:54 • 2min
The Law of Returns in Agriculture and the Processing Industries
06:43:51 • 3min
The Importance of Human Labor as a Mean
06:47:09 • 3min
The Importance of Leisure
06:50:03 • 4min
The Disutility of Labor
06:53:46 • 2min
The Importance of Human Labor in the Modern World
06:56:00 • 3min
Labor Is the Most Rare of All Primary Means of Production
06:59:18 • 3min
The Importance of the Supply of Labor
07:02:18 • 3min
Labor Is More Rare Than Material Factors of Production
07:05:20 • 3min
What Is Immediate Satisfaction?
07:08:26 • 4min
The Disutility of Hunting Game
07:12:31 • 2min
Creating Is for the Genius, Not Means, but Ends in Themselves
07:14:47 • 3min
The Creative Achievement of the Genius
07:18:00 • 3min
Is the Mind Creative?
07:21:12 • 3min
The Materialistic Metaphysics of the Marxians
07:24:24 • 3min
The End of Society
07:27:44 • 3min
The Principle of the Division of Labor
07:30:56 • 3min
The Holistic and Metaphysical View of Human Society
07:33:32 • 2min
Social Cooperative Is a Blessing for Man
07:35:30 • 2min
The Utilitarian Economist
07:37:51 • 3min
Social Philosophy - The Only True Doctrine
07:41:20 • 3min
Anarchism and the Utilitarian Philosophy
07:44:23 • 4min
Liberalism and Democracy Are Not Revolutionary Institutions
07:47:54 • 3min
Universalism and Collectivism Are System of Theocratic Government
07:51:05 • 3min
The Collectivist Idol
07:54:21 • 3min
Collectivism - The Problem in Modern Day Political Antagonisms
07:57:37 • 4min
Liberalism Is a Political Doctrine
08:01:07 • 3min
Liberalism and Theocracy
08:04:18 • 4min
Theocracy Is a Social System
08:08:27 • 3min
Religion and Theocracy
08:11:52 • 2min
Liberalism - The Fundamental Social Phenomenon
08:14:13 • 3min
The Importance of a Division of Labor
08:17:37 • 3min
Ricardo's Law of Comparative Cost
08:20:46 • 6min
The Law of Association
08:27:03 • 3min
Theorem of Comparative Cost
08:30:20 • 4min
The Law of Comparative Cost
08:33:54 • 3min
The Difference Between Domestic and International Trade
08:36:46 • 3min
The Effects of the Division of Labor
08:39:44 • 4min
The Refractory Delinquent
08:43:14 • 2min
A Brief History of Humanity
08:45:12 • 2min
The Mystic Communion, the Fable of the Mystical Communion
08:47:12 • 2min
The Voice of the Blood Is Not an Original Phenomenon
08:49:34 • 3min
The Mystical Communion of the Human Family
08:52:35 • 3min
Social Co Operation
08:55:41 • 3min
The Great Society
08:58:55 • 4min
The Evolution of Humanity
09:03:09 • 2min
The Evolution of Man's Talents and Skills
09:05:28 • 4min
The Choice of the Fathers Is Not Impermanent
09:09:24 • 3min
Praxiology Is a Science, Not a Theorem
09:12:41 • 2min
The Importance of Natural Rights
09:14:59 • 3min
Social Darwinism and the Utilitarians
09:18:23 • 3min
Reason and Reason Are Unnatural
09:21:42 • 4min
Thinking Is a Tool of Social Action
09:25:30 • 3min
Ascetic Principles and Ideology
09:28:29 • 3min
The Ideology of Asceticism
09:31:46 • 3min
Social Cooperation - The Importance of a Social Cooperative
09:34:56 • 3min
Social Organization and the Conduct of Social Action Are Technical Problems
09:38:10 • 2min
Choosing the Means of a Party's Programme
09:40:14 • 2min
The Problems of Political Organization
09:41:58 • 3min
The Nationalists and the Free Trader's Dissension
09:44:31 • 3min
Ideological Antagonisms - The Fight Against Error
09:47:47 • 4min
The Importance of Consistent Ideologies
09:51:18 • 6min
The Germans and the Ideologies of Nationalism and Socialism
09:57:45 • 3min
Social Order Is a Product of Ideologies
10:00:51 • 3min
Ideologies Have Might Over Men
10:04:10 • 3min
The Real Factor of Government
10:07:22 • 3min
The Infiltration of Subversive Ideologies in India
10:10:41 • 3min
Traditionalism and the Idea of Progress
10:14:01 • 3min
The Good Cause Will Triumph
10:16:54 • 3min
The Importance of Artistic Exchange
10:20:21 • 3min
The Origins of Interpersonal Exchange
10:23:46 • 2min
The Hegemonic Bond
10:26:08 • 4min
The Structure of the System of Civilization
10:30:20 • 3min
The Contractual Order of Society Is a State of Right and Law
10:33:45 • 5min
Pre Meditation and the Recording of Action
10:38:18 • 1min
Human Action: A Treatise on Economics Part 1
DECEMBER 31, 2014Ludwig von Mises
Human Action is Mises's great treatise on political economy. It is the most comprehensive, systematic, forthright, and powerful defense of the economics of liberty ever written.