Theory and History: An Interpretation of Social and Economic Evolution.

VON MISES, Ludwig; Preface by Murray N. Rothbard.

$125.00

Item Number: 104223

Auburn: The Ludwig von Mises Institute, 1985.

First edition of the re-issue of this classic work, the first to feature a preface by Murray N. Rothbard. Octavo, original cloth. Fine in a near fine dust jacket. Preface by Murray N. Rothbard.

Theory and History discusses the theory of economics, the study of purposive human action, and with history, the record of the past actions of individuals. All actions are determined by ideas. Thoughts and ideas are "real things," Mises writes. "Although intangible and immaterial, they are factors in bringing about changes in the realm, of tangible and material things." Rather than rejecting the study of historical change as a "useless pastime," Mises considers it of the utmost practical importance. "History looks backward into the past, but the lesson it teaches concerns things to come."