Human Action. A Treatise on Economics. Vol. 1-4

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In this work, the essential principles and foundations of economic science are presented with admirable logic and clarity, framed within a general theory of human action or praxeology. Based on this, and following an a priori-deductive methodology typical of the subjectivist conception of the Austrian School, the main issues of Economics and Economic Policy of our time are also analyzed. The economic and monetary calculation, the functioning of the market and the formation of prices, money, interest and credit, economic cycles, the crucial role of the entrepreneur and factors of production, especially capital and labor, the role of government in the economy, interventionism, manipulation of money and credit, taxation, the impossibility of economic calculation in socialism, unionism, corporatism, war economy, as well as the place that Economics occupies in the system of sciences and in society, are the main themes that shape this masterful work, a formidable theoretical construction.