Foreword by F.A. Hayek

Foreword summary: Mises book first appreared in 1922. Ludwig von Mises was the leading exponent of the Austrian School of economics. His economics were considered outside the mainstream but well respected. He wrote 25 books and hundreds of articles on human action, free markets, and political economy. He presents the economic calculation problem as a criticism of socialist economics. He deals with many of Marx and Engels ideas.