Mises Daily
Author:
Richard M. Ebeling
Online Publish Date:
with in Human Action and in many of his other works still dominate the public-policy discourses of our own time. A central concept through much of the book is . “It is the compass of the man embarking on production.” The significance of the competitive process, as Mises had expressed it in his earlier volume Liberalism , is terms of trade among competing buyers and sellers. Without the haggling of market competition there would, of course, be no agreed-upon terms of exchange. Without