Dualism and Calculation: What Mises Taught Me about Economics and Capitalism

All human values are offered for option. All ends and all means, both material and ideal issues, the sublime and the base, the noble and the ignoble, are ranged in a single row and subjected to a decision which picks out one thing and sets aside another. Nothing that men aim at or want to avoid remains outside of this arrangement into a unique scale of gradation and preference. Out of the political economy of the classical school emerges the general theory of human action, praxeology.