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Human Action

Part Six: The Hampered Market Economy

Chapter XXXV. The Welfare Principle Versus the Market Principle

1. The Case Against the Market Economy
2. Poverty
3. Inequality
4. Insecurity
5. Social Justice

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Human Action

Ludwig von Mises

The masterpiece first appeared in German in 1940 and then disappeared, only to reappear in English in 1949. It was a sensation, the largest and most scientific defense...

Select from the table of contents below to read this book.

Foreword to the 4th Edition by Bettina Bien Greaves
Foreword to the 3rd Edition by Ludwig von Mises
Introduction
Part One: Human Action
Part Two: Action Within the Framework of Society
Part Three: Economic Calculation
Part Four: Catallactics or Economics of the Market Society
Part Five: Social Cooperation Without a Market
- Chapter XXV. The Imaginary Constuction of a Socialist Society
- Chapter XXVI. The Impossibility of Economic Calculation Under Socialism
Part Six: The Hampered Market Economy
Part Seven: The Place of Economics in Society

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Money Supply
Monopoly and Competition
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Political Theory
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Prices
Private Property
Production Theory
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Value and Exchange

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