Fifty years ago, Ludwig von Mises shocked the economics profession and elite opinion with a massive, revolutionary treatise on economics, the culmination of his life's work. It was (and remains) the most comprehensive, systematic, forthright, and powerful defense of the economics of liberty ever written.

This Scholar's Edition is the original, unaltered treatise that shaped a generation of Austrians and made possible the intellectual movement that is leading the global charge for free markets. Made available for the first time in decades, exclusively through the Ludwig von Mises Institute, this edition is superior to the others (one later edition was thoroughly botched, while another introduces ambiguities and diversions).