This book presents the theoretical and practical arguments for liberalism. Mises contrasts liberalism with other conceivable systems of social organization such as socialism, communism, and fascism. He is also more specific here than elsewhere in applying
In the foreword to
Human Action: A Treatise on Economics,
Mises explains complex market phenomena as "the outcomes of countless conscious, purposive actions, choices, and preferences of individuals, each of whom was trying as best as he or she could u
