Ludwig von Mises Quote

All rational action is economic. All economic activity is rational action. All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.


Part II : The Economics of a Socialist Community, § I : The Economics of an Isolated Socialist Community, Ch. 5 : The Nature of Economic Activity, p. 97 - Socialism (1922)


All rational action is economic. All economic activity is rational action. All rational action is in the first place individual action. Only the...

All rational action is economic. All economic activity is rational action. All rational action is in the first place individual action. Only the...

All rational action is economic. All economic activity is rational action. All rational action is in the first place individual action. Only the...

All rational action is economic. All economic activity is rational action. All rational action is in the first place individual action. Only the...