First edition, first printing of von Mises' magnum opus which presents the case for laissez-faire capitalism based on praxeology, his method to understand the structure of human decision-making.
New Haven: Yale University Press, 1949. De-accessioned from the Los Altos Library, with their bookplate to the flyleaf, pocket removed from front pastedown and a reference number on the spine. A few annotations in text, primarily in the introduction and first chapter. Binding is sturdy and square, wear to boards with fraying at the extremities and a few instances of discoloration, several pages show creasing. Uncommon in the first printing.
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