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2019 | 8 | 4 | 857-884

Article title

Is the ‘Human Action’ in Human Action Human Action? Mises, Hayek, and Aristotle on ‘Capitalism’ and Human Flourishing

Authors

Content

Title variants

Languages of publication

EN

Abstracts

EN
Ludwig von Mises’s Human Action is a seminal work of Austrian economics. It sets forth Mises’s theory of the acting person and lays the groundwork for a liberal economic order. But is the “human action” which Mises describes in Human Action really human action? Mises, as well as his colleague Friedrich von Hayek, posits a liberal society in which telos and metaphysics can be elided from human interactions, but such conceptions of the human person are greatly different from the more robust, and humane, anthropologies of Aristotle and St. Thomas Aquinas. In this paper, I compare and contrast the visions of the human person found in Mises, Hayek, Aristotle, and St. Thomas, arguing that the truly human vision of human action found in the latter two thinkers’ works provides a much sounder basis for human material flourishing (“capitalism”).

Year

Volume

8

Issue

4

Pages

857-884

Physical description

Dates

published
2019-12-30

Contributors

author
  • Reitaku University, Chiba, Japan

References

  • Aquinas, St. Thomas. Summa Theologiae. Second and Revised Edition, 1920. Literally translated by Fathers of the English Dominican Province. Available online at: http://www.newadvent.org/summa/. Accessed Sept. 27, 2019.
  • Aristotle. Metaphysics. In The Basic Works of Aristotle. Translated and edited by Richard McKeon. New York: Random House, 1941.
  • Aristotle. Nicomachean Ethics. In The Basic Works of Aristotle. Translated and edited by Richard McKeon. New York: Random House, 1941.
  • Aristotle. Nicomachean Ethics. Translated by Terence Irwin. In C. D. C. Reeve and Patrick Lee Miller. Introductory Readings in Ancient Greek and Roman Philosophy, 2nd edition. Indianapolis: Hackett Publishing, 2015.
  • Austrian Economics: Historical and Philosophical Background, edited by Wolfgang Grassl and Barry Smith. Kent: Croom Helm, 1986.
  • Cheung, Chor Y. “Hayek on Nomocracy and Teleocracy: A Critical Assessment.” Cosmos+Taxis 1, no. 2 (2014): 24–33.
  • Gordon, David. An Austro-Libertarian View: Essays by David Gordon. Vol. I: Economics, Philosophy, Law. Auburn, Ala.: Mises Institute, 2017.
  • Hayek, Friedrich A. The Constitution of Liberty. Chicago: University of Chicago Press, 1960.
  • Hayek, Friedrich A. “The Use of Knowledge in Society.” In Individualism and Economic Order, 77–91. Chicago: The University of Chicago Press, 1958.
  • Kukathas, Chandran. Hayek and Modern Liberalism. Oxford: Clarendon Press, 1989.
  • Leoni, Bruno. Freedom and the Law. Los Angeles: Nash Publishing, 1961.
  • Long, Roderick T. “Realism and Abstraction in Economics: Aristotle and Mises versus Friedman.” The Quarterly Journal of Austrian Economics 9, no. 3 (Fall 2006): 3–23.
  • McCloskey, Deirdre N. Bourgeois Equality: How Ideas, Not Capital or Institutions, Enriched the World. Chicago and London: University of Chicago Press, 2016.
  • Mises, Ludwig von. Human Action: A Treatise on Economics, 3rd revised edition. Chicago: Contemporary Books, 1963.
  • Naus, John E. The Nature of the Practical Intellect According to Saint Thomas Aquinas. Roma: Libreria Editrice dell’Iniversità Gregoriana, 1959.
  • Oliva Córdoba, Michael. “On the Philosophy and Logic of Human Action: A Neo-Austrian Contribution to the Methodology of the Social Sciences.” University of Hamburg 2017. Available online at: https://www.philosophie.uni-hamburg.de/philosophisches-seminar/personen/oliva-cordoba-michael/material/philloghumact.pdf. Accessed Sept. 27, 2019.
  • Ptak, Justin. “The Prehistory of Modern Economic Thought: Aristotle in Austrian Theory.” Mises Institute 2009. Available online at: https://mises.org/library/prehistory-modern-economic-thought-aristotle-austrian-theory. Accessed Sept. 27, 2019.
  • Rhonheimer, Martin. The Perspective of the Acting Person: Essays in the Renewal of Thomistic Moral Philosophy. Washington, D.C.: The Catholic University of America Press, 2008.
  • Skoble, Aeon J. “Hayek the philosopher of law.” In The Cambridge Companion to Hayek, 171–181. Edited by Edward Feser. Cambridge University Press, 2006.
  • Smith, Barry. “Aristotle, Menger, Mises: An Essay in the Metaphysics of Economics.” History of Political Economy, Annual Supplement to vol. 22 (1990): 263–288.

Document Type

Publication order reference

Identifiers

ISSN
2300-0066
ISSN
2577-0314

YADDA identifier

bwmeta1.element.desklight-4079432d-bd7a-4b51-bd04-6c6108922641
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