Chapter 7 Profit and Loss

Planning for Freedom and Other Essays and Addresses1

“Profit and Loss”

Chapter 5 Capitalism: The Market Economy

Economic Policy: Thoughts for Tomorrow and Today1

“Capitalism”

Chapter 3 Action in Time

Human Action1

1. The Temporal Character of Praxeology

The notion of change implies the notion of temporal sequence. A rigid, eternally immutable universe would be out of time, but it would be dead. The concepts of change and of time are inseparably linked together.

Chapter 4 Society, Exchange, and the Division of Labor

Human Action1

1. Autistic Exchange and Interpersonal Exchange

Action always is essentially the exchange of one state of affairs for another state of affairs. If the action is performed by an individual without any reference to cooperation with other individuals, we may call it autistic exchange.

Introduction

Knowledge of the principles of the free society is not something that everyone is born with or something that we just catch like the common cold. The principles of liberty must be carefully passed on from one generation to the next if they are to survive, let alone flourish. Each generation must learn anew from their predecessors the virtues of private property and the consequences of statism.

Chapter 1 Human Action

Epistemological Problems of Economics1

1. The Basic Concept of Action and its Categorial Conditions

The starting point of our reasoning is not behavior, but action, or, as it is redundantly designated, rational action. Human action is conscious behavior on the part of a human being.

Chapter 2 Action and Value

Human Action1

1. Ends and Means

The result sought by an action is called its end, goal, or aim.

The Mises Reader