John Womack wrote: > all I want to ask is if "economic interaction" in your definition (or > Mises's) is only the interaction, exchange, or trade, in markets, or > does it include production, the transformation or reworking of > something material into something else material? John, the definition does not include production (transformation) for one's personal use except to the extent that an understanding of such transformation is useful in dealing with a particular issue relating to interaction in markets. It also does not include transformations that occur without the intervention of the actor. It does include transformation if the transformer initially possesses the legal right to control the material transformed and if his goal is to sell the product in a market. Thus, the central focus is on action that takes place in relation to markets and not on materials and transformations. Pat Gunning