Theory and History: An Interpretation of Social and Economic Evolution (1957)

Theory and History: An Interpretation of Social and Economic Evolution is a seminal work by Austrian economist Ludwig von Mises, first published in 1957. The book is a comprehensive analysis of the evolution of human society and economy, exploring the role of theory and history in shaping social and economic development.Mises argues that human action is driven by subjective values and that economic theory must be grounded in these values in order to be relevant. He explores the historical development of economic thought, from the classical economists to the marginalist revolution, and argues that the subjective theory of value is the only valid approach to understanding economic behavior.The book also delves into the role of government in economic affairs, arguing that government intervention in the economy is always harmful and that free markets are the only means of achieving economic prosperity. Mises critiques the socialist and interventionist economic models, arguing that they are inherently flawed and cannot produce sustainable economic growth.Overall, Theory and History is a foundational work in the Austrian School of economics, providing a comprehensive framework for understanding the evolution of human society and economy. It is a must-read for anyone interested in economics, history, or social theory.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.