What is Human Action?

In 1949 one of the greatest economists of all time published one of the greatest books of all time.  Ludwig von Mises unleashed his unparalleled treatise in economics on the world.  Human Action, as the tome is called, has inspired thousands ever since to take up the cause and quest for true economic freedom and prosperity and an end to state tyranny.

• HumanAction.co.za is about promoting economic freedom.
• It is about promoting the principles of basic individual freedom and the economic principles so vital for true and lasting prosperity.
• It is about refuting common economic fallacies that have become ingrained in the thought of mainstream economics.

Mainstream economists today look to our policy makers as the saviours and heroes having to bail out, regulate, and intervene in the market economy.  HumanAction.co.za sees a better path and argues that true economic freedom, where a person’s life, liberty and property are respected and protected and regarded as absolute rights within the bounds of limited government, has always been, and still is, the only way for society to advance on a path of lasting and widespread prosperity.

Unfortunately, just about all of the economic opinions heard in the popular media are tainted by interventionist goggles, leaving the layman with more questions than answers.  Having been educated at postgraduate level in the economics of interventionism at Africa’s leading universities, and being economists by profession, it took a while for us to come to our economic senses, and we hope to share these valuable insights with readers looking for a haven of good sense and clarity.  

Under all circumstances, the understanding of the axioms of economic action (human action) is the central premise for making sense of the economy.  True to the Austrian school, our knowledge is based on apodictic truths, premises of action that are always true.  This method of economics is dubbed ‘praxeology.’  We do not seek to ascribe mainly subjective ideals to our readers, but rather to understand and anticipate what economic actors will do to remove their sense of uneasiness regarding the future, hereby influencing the economy.

Feel free to say what’s on your mind in the comments section of each post. We do read and try to respond to all comments. If you’d so prefer, send us emails to jgalt [at] humanaction [dot] co [dot] za.

Here’s to sound economic principles, and to freedom and lasting prosperity!

Enjoy