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Socialism (Mises)

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Socialism (Mises)
AuthorLudwig von Mises
Published1922
RecommendedOnce
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Why it’s on the listMises’s book-length case that a socialist economy cannot rationally allocate resources: having abolished markets in the means of production, it has no prices for them and so no way to compare alternative uses of capital.

Socialism (Mises)

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About this edition

Published in German as Die Gemeinwirtschaft in 1922 and in English as Socialism: An Economic and Sociological Analysis in 1936. It extends Mises’s 1920 calculation argument into a full treatment covering property, the family, and the psychology of socialist enthusiasm.

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Curated by Kyle Harrison. Organized by Claude. Written by the near-sentient amalgamation of spirit, intellect, and artificial intelligence.