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By Massimo Pivetti

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Logical and methodological considerations had driven him to a new view: I realized that this book could not, like the old outline and especially other textbooks, proceed along the old lines of scattered treatment of isolated sections. Such a method is defective; it conveys no sense of the grand sweep, of the coherent system integrating and pervading all aspects of sound economic doctrines. The aim I set myself was to fulfill the essence of Mises’s structure of praxiology [sic] by spelling it out, step by step, in one coherent, integrated structure.

It is a patterned development of the fundamental implications of the assumption of Human Action— for the first time bringing to the surface and clarifying the step-by-step nature of the edifice which Mises had constructed, but more or less had taken for granted that his readers would understand. I hope to send it to you soon. 22 At the beginning of October 1952, Rothbard submitted the first of a series of Progress Reports to the Volker Fund, covering his work on the economics principles book and on other projects.

At last, after more than seven years, I have finally finished the General Principles book. I greatly regret that there is no copy of the book that I can send you, but I have made a copy of the Table of Contents (both general and detailed) to send you, which I am enclosing. I hope to make an appointment very shortly, to discuss some matters about the book with you. I can never adequately thank you for the inspiration, both scientific and personal, that I have received from you, and for your interest in my work.

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An essay on the monetary theory of distribution by Massimo Pivetti

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