“In a society of free men the preservation of life and health are ends, not means. They do not enter into any process of accounting means.”
― Human Action
― Human Action
“If we assume that all men have the same capacity and application for work and if we disregard the disutility of labor, labor in such a world would not be an economic good. If”
― Human Action
― Human Action
“Shortcomings in the governments’ handling of monetary matters and the disastrous consequences of policies aimed at lowering the rate of interest and at encouraging business activities through credit expansion gave birth to the ideas which finally generated the slogan “stabilization.” One can explain its emergence and its popular appeal, one can understand it as the fruit of the last hundred and fifty years’ history of currency and banking, one can, as it were, plead extenuating circumstances for the error involved. But no such sympathetic appreciation can render its fallacies any more tenable.”
― Human Action
― Human Action
“No better is the propensity, very popular nowadays, to brand supporters of other ideologies as lunatics. Psychiatrists”
― Human Action
― Human Action
“The urge toward action, i.e., improvement of the conditions of life, is inborn in man. Man himself changes from moment to moment and his valuations, volitions, and acts change with him. In the realm of action there is nothing perpetual but change.”
― Human Action: A Treatise on Economics
― Human Action: A Treatise on Economics
Jonathan Ravey’s 2025 Year in Books
Take a look at Jonathan Ravey’s Year in Books, including some fun facts about their reading.
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