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Author:
Publisher: Ludwig von Mises Institute
ISBN:
Category : Business & Economics
Languages : en
Pages : 100
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Book Description
This is the essay that overthrew the socialist paradigm in economics, and provided the foundation for modern Austrian price theory. When it first appeared in 1920, Mises was alone in challenging the socialists to explain how their pricing system would actually work in practice. Mises proved that socialism could not work because it could not distinguish more or less valuable uses of social resources, and predicted the system would end in chaos. The result of his proof was the two-decade-long "socialist calculation" debate. This new edition contains an afterword by Joseph Salerno, who applies the calculation argument to contemporary problems like environmentalism and business regulation. "The significance of Misess 1920 article extends far beyond its devastating demonstration of the impossibility of socialist economy and society. It provides the rationale for the price system, purely free markets, the security of private property against all encroachments, and sound money. Its thesis will continue to be relevant as long as economists and policy-makers want to understand why even minor government economic interventions consistently fail to achieve socially beneficial results. "Economic Calculation in the Socialist Commonwealth" surely ranks among the most important economic articles written this century." -Joseph T. Salerno, from the afterword
Author:
Publisher: Ludwig von Mises Institute
ISBN:
Category : Business & Economics
Languages : en
Pages : 100
Get Book Here
Book Description
This is the essay that overthrew the socialist paradigm in economics, and provided the foundation for modern Austrian price theory. When it first appeared in 1920, Mises was alone in challenging the socialists to explain how their pricing system would actually work in practice. Mises proved that socialism could not work because it could not distinguish more or less valuable uses of social resources, and predicted the system would end in chaos. The result of his proof was the two-decade-long "socialist calculation" debate. This new edition contains an afterword by Joseph Salerno, who applies the calculation argument to contemporary problems like environmentalism and business regulation. "The significance of Misess 1920 article extends far beyond its devastating demonstration of the impossibility of socialist economy and society. It provides the rationale for the price system, purely free markets, the security of private property against all encroachments, and sound money. Its thesis will continue to be relevant as long as economists and policy-makers want to understand why even minor government economic interventions consistently fail to achieve socially beneficial results. "Economic Calculation in the Socialist Commonwealth" surely ranks among the most important economic articles written this century." -Joseph T. Salerno, from the afterword
Author: Ludwig von Mises
Publisher: CreateSpace
ISBN: 9781514290675
Category :
Languages : en
Pages : 92
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Book Description
LARGE PRINT EDITION! More at LargePrintLiberty.com. This is the essay that overthrew the socialist paradigm in economics, and provided the foundation for modern Austrian price theory. When it first appeared in 1920, Mises was alone in challenging the socialists to explain how their pricing system would actually work in practice. Mises proved that socialism could not work because it could not distinguish more or less valuable uses of social resources, and predicted the system would end in chaos. The result of his proof was the two-decade-long "socialist calculation" debate. This new edition contains an afterword by Joseph Salerno, who applies the calculation argument to contemporary problems like environmentalism and business regulation.
Author: Ludwig Von Mises
Publisher: Ludwig von Mises Institute
ISBN: 1610164547
Category : Marxian economics
Languages : en
Pages : 48
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Book Description
Author: Ludwig Mises
Publisher:
ISBN: 9781610165501
Category :
Languages : en
Pages :
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Book Description
(pocketbook)
Author: Friedrich A. von Hayek
Publisher: Ludwig von Mises Institute
ISBN: 1610165136
Category :
Languages : en
Pages : 302
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Book Description
Author: Leigh Phillips
Publisher: Verso Books
ISBN: 178663516X
Category : Political Science
Languages : en
Pages : 257
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Book Description
Are multi-national corporations like Walmart and Amazon laying the groundwork for international socialism? For the left and the right, major multinational companies are held up as the ultimate expressions of free-market capitalism. Their remarkable success appears to vindicate the old idea that modern society is too complex to be subjected to a plan. And yet, as Leigh Phillips and Michal Rozworski argue, much of the economy of the West is centrally planned at present. Not only is planning on vast scales possible, we already have it and it works. The real question is whether planning can be democratic. Can it be transformed to work for us? An engaging, polemical romp through economic theory, computational complexity, and the history of planning, The People’s Republic of Walmart revives the conversation about how society can extend democratic decision-making to all economic matters. With the advances in information technology in recent decades and the emergence of globe-straddling collective enterprises, democratic planning in the interest of all humanity is more important and closer to attainment than ever before.
Author: Nikolaas Gerard Pierson
Publisher:
ISBN:
Category : Economic policy
Languages : en
Pages : 312
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Book Description
Compilation of essays on socialist economic theory in respect of collective economy - includes articles on the problem of value in the socialist society, economic calculation in the socialist commonwealth, the ministry of production in the collectivist state, etc., and covers communist economic values, collective ownership, economic planning, centralization of economic administration, input output, etc. Bibliography pp. 291 to 293.
Author: Trygve J. B. Hoff
Publisher: Liberty Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 462
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Book Description
Dr. Hoff's 1938 book and Professor Vaughn's important introduction establish the theoretical impossibility of socialism: a system empirically in ruins but still advocated by many.
Author: Ludwig Von Mises
Publisher:
ISBN:
Category : Socialism
Languages : en
Pages : 0
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Book Description
Author: Wolfgang Grassl
Publisher: Routledge
ISBN: 1136823557
Category : Business & Economics
Languages : en
Pages : 506
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Book Description
First published in 1986, this book presents a reissue of the first detailed confrontation between the Austrian school of economics and Austrian philosophy, especially the philosophy of the Brentano school. It contains a study of the roots of Austrian economics in the liberal political theory of the nineteenth-century Hapsburg empire, and a study of the relations between the general theory of value underlying Austrian economics and the new economic approach to human behaviour propounded by Gary Becker and others in Chicago. In addition, it considers the connections between Austrian methodology and contemporary debates in the philosophy of the social sciences.
