 | About this title:Liberty Fund’s edition of this work. Theory and History is primarily a critique of Karl Marx, his materialism, and his prediction of the inevitability of socialism. This book discusses the theory of economics, i.e., the study of purposive human action, and with history, the record of the past actions of individuals. History looks backward into the past, but the lesson it teaches concerns things to come. It opens the mind to an understanding of human nature, increases wisdom, and distinguishes civilized man from the barbarian.
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