Socialism: An Economic and Sociological Analysis
- Ludwig von Mises (author)
- J Kahane (translator)
- Friedrich August von Hayek (foreword)
This is a newly annotated edition of the classic first published in German in 1922. It is the definitive refutation of nearly every type of socialism ever devised. Mises presents a wide-ranging analysis of society, comparing the results of socialist planning with those of free-market capitalism in all areas of life.
Key Quotes
Socialism & Interventionism
The fundamental objection advanced against the practicability of socialism refers to the impossibility of economic calculation. It has been demonstrated in an irrefutable way that a socialist commonwealth would not be in a position to apply economic calculation. Where there are no market prices for…
Socialism & Interventionism
Society is co-operation; it is community in action. To say that Society is an organism, means that society is division of labour. To do justice to this idea we must take into account all the aims which men set themselves and the means by which these are to be attained. It includes every…