First Edition in English, first printing of Nationalökonomie (1st German ed., 1940). xv, 889 pp. Original cloth. A few light, semicircular stains to front cover. Very slight vertical wrinkling to small portion of cloth near heel of spine. Else Very Good+, without dust jacket. '[T]he core of Human Action is parts three and four (pp. 201–684), entitled, respectively, 'Economic Calculation' and 'Catallactics or Economics of the Market Society.' In these two parts, comprising 484 pages, there is presented for the first time a complete and systematic theory of how actual market prices are determined. Of course, Mises did not create this theory out of whole cloth. In fact, the theory of price elaborated in Human Action represents the crowning achievement of the Austrian School of economics. It is the culmination of the approach to price theory originated by Carl Menger in 1871 and developed further by a handful of brilliant economists of the generation intervening between Menger and Mises. . . . the entire Mengerian approach went into decline after World War I and had lapsed into nearly complete dormancy by the mid-1930s. Mises's outstanding contribution in Human Action was to singlehandedly revive this approach and elaborate it into a coherent and systematic theory of price determination. . . . With the Austrian school poised for a vigorous comeback on the strength of the publication of Nationalökonomie in early 1940, disaster struck. Cut off from the German-speaking market by the war in Europe, its Swiss publisher went out of business and the sale and distribution of Mises's treatise ceased. By the time the English-language edition [offered here] was published by Yale University Press in 1949, the moment had passed for the immediate restoration of the influence of Mengerian price theory within the mainstream of economic theory. Leadership in pure theory had passed from Europe to the United States after the war, due to the migration of many Central European economists to America, combined with the enormous expansion of U.S. higher education faculties induced by the tuition subsidies created by the G. I. Bill. At the same time, intellectual currents were developing in the U.S. that led to a merging of the Marshallian and Walrasian approaches into an invincible orthodoxy. . . . When the first fruits of his labors withered on the vine unattended by a world otherwise occupied, Mises persisted and delivered Human Action into a positively hostile and uncomprehending world almost a decade later. It was this great work that, however improbably, diverted the course of intellectual history by igniting the modern revival of research in the Mengerian paradigm that started in the early 1960s and has continued to flourish down to the present day' (Joseph T. Salerno, 'The Place of Mises's Human Action in the Development of Modern Economic Thought', Quarterly Journal of Austrian Economics vol. 2, no. 1 (Spring 1999): 35–65). N° de ref. de la librería
Título: Human Action: A Treatise on Economics.
Editorial: New Haven: Yale University Press, 1949.
Año de publicación: 1949
Condición del libro: Very Good
Edición: 1st Edition
Descripción Chicago: Henry Regnery Company, 1966, 1966. , Third, revised edition, xvii, 907pp., good green cloth, but stiff spine has vertical bend and crease marks and is a bit faded, text clean, binding solid ISBN 0809297434. Nº de ref. de la librería 38456