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The Crisis of Interventionism (Mises's 1949 wisdom speaks to the limits of government- forced energy transformation today)

By Robert Bradley Jr. -- July 22, 2011

Ludwig von Mises’s Human Action: A Treatise on Economics might stand as the single greatest social science book of the 20th century. Written in 1949, with slight revisions in 1961 and 1966, Human Action has been described as economics as it might have been and should be. No economists jokes here! This book is all about using sound assumptions and logically deriving the qualitative truths, the science, of economics.

I spent the summer of my sophomore year in college (1975) teaching tennis and studying Human Action. It was slow reading, and I worked up my own index to help me. I underlined profusely and wrote margin notes.

It was exhilarating. I had just changed my major from business to economics and wanted a solid foundation, a worldview, to understand the business and economic world.