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This was at the official beginning of the academic year for those of the International Cooperation, Humanitarian Action and Sustainable Development on December 7, 2021.
The proper way to study human action is to break it down into the following categories History-What we did Economics-What we do Psychology-Why we do Ethics-What we ought to do This essay is a discussion of the psychology of human action from a Misesian perspective meaning we start our analysis at the level of the individual. Psychology, in this sense, is an attempt to understand the primary considerations that humans use to make the constant stream of decisions that comprise each day. In his masterpiece book “Human Action” Mises develops the field of praxeology, the method of studying soci...
Economic insight provides beacon of light amid financial confusion.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Human Action uniquely stands out as a classic in the literature of economics. Mises's brilliant treatise is a cornerstone for understanding the nature of the free society and the workings of the market economy.