Are you interested to read the original book? Get ‘Human Action’ by Ludwig von Mises now: https://amzn.to/4fD9zP6 In this video, we explore Ludwig von Mises’ groundbreaking work Human Action—a masterpiece of economic thought from the Austrian School. Mises revolutionized how we understand economics by focusing on individual choices and subjective value rather than abstract systems. He demonstrated that free markets thrive because they reflect the decisions of millions, while centralized systems like socialism fail due to the lack of proper calculation and incentives. We’ll break down core concepts like the power of free markets, the economic calculation problem, and how individual decision-making drives innovation and prosperity. Mises also emphasized that economics is about more than money—it’s about freedom, morality, and human dignity. Whether you’re curious about markets or want to understand the forces shaping the world, this video simplifies Mises’ transformative ideas into bite-sized, easy-to-follow explanations. Join us to discover why Human Action remains essential for understanding both economics and humanity today. 00:00 - Introduction to Human Action 00:36 - Importance of 'Human Action' today 00:57 - Praxeology – Understanding Human Behavior 01:40 - The Power of Free Markets 02:32 - Economic Calculation and Why Socialism Fails 03:12 - Human Action and the Individual 03:46 - Why 'Human Action' is a Must-Read