Today’s solo show kicks off our reading of Rothbard’s landmark Man, Economy, and State with a look at Chapter 1, “Fundamentals of Human Action.” So much of what economics texts get wrong is laid out brilliantly here by Rothbard, who gives readers the basics of action, means/ends, time, ranking, factors of production, and capital in this 77 page master class. The short appendix at the end of the chapter alone is a bombshell—demystifying the correct form for economic analysis, and explaining why psychology is not praxeology. Don’t miss this introduction to the book you know you need to read!
Use the code HAPOD for a discount on Man, Economy, and State from our bookstore: Mises.org/BuyMES.
Man, Economy, and State: Mises.org/MES
Bob Murphy’s Study Guide to Man, Economy, and State: Mises.org/StudyMES