Dutch Version of the “Human Action” is Finally Available!
We are glad to inform you that the first Dutch translation ever done of Ludwig Von Mises’ masterpiece “Human Action” is now available. The translation has been realized by Olav A. Dirkmaat and Dion T. Reijnders.
The “Human Action” is one of the most influential classical liberal works and a pillar of the Austrian School’s thought. Mises sees economic calculation as the most fundamental problem in economics. Profits earned from voluntary trades are the indicators of economic success. It is monetary calculation of profits that indicates whether an enterprise has generated a sharp increase in consumer well being over true economic costs. The close association that Mises draws between economic calculation and monetary calculation leads him to conclude that market prices are indispensable to improving the human condition. Mises also stresses the importance of entrepreneurship because only entrepreneurs actually do monetary calculation. This fact puts entrepreneurs at the center of all progress. Entrepreneurs who estimate costs more correctly than their rivals earn high profits while also serving consumers. The concepts of monetary calculation, financial speculation, and entrepreneurship form the basis for the Von Mises’ critique of socialism.
You can find the hardcover or the electronic version of the “Human Action” in Dutch at the following link: