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

Living With Your Parents

There is nothing wrong with living with your parents as a young adult. After graduating from college you can save money to pay off your college loans or to save up for a down payment on your own house. You can also contribute to your parents living standard by paying some rent, paying some utilities, or doing your old chores around the house. I’ve know plenty of young adults and even older adults who have moved back home to everyone’s mutual benefit. I kinda wish I had been able to live with my parents for a while and got to know them as an adult.