ABSTRACT

On September 14, 1949, Yale University Press released a major new work – Human Action by the Austrian economist Ludwig von Mises. The following week, in his regular Newsweek column, Henry Hazlitt referred to this book as

a landmark in the progress of economics . . . Human Action is, in short, at once the most uncompromising and the most rigorously reasoned statement of the case for capitalism that has yet appeared. If a single book can turn the ideological tide that has been running in recent years so heavily toward statism, socialism, and totalitarianism, Human Action is that book. It should become the leading text of everyone who believes in freedom, individualism, and . . . a free market economy.1