A Theory of Socialism and Capitalism

A Theory of Socialism and Capitalism

by Hans-Herman Hoppe
     
 

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From the Mises Institute

Here is Hans Hoppe's first treatise in English - actually his first book in English - and the one that put him on the map as a social thinker and economist to watch. He argued that there are only two possible archetypes in economic affairs: socialism and capitalism. All systems are combinations of those two types. The capitalist model

Overview

From the Mises Institute

Here is Hans Hoppe's first treatise in English - actually his first book in English - and the one that put him on the map as a social thinker and economist to watch. He argued that there are only two possible archetypes in economic affairs: socialism and capitalism. All systems are combinations of those two types. The capitalist model he defines as pure protection of private property, free association, and exchange - no exceptions. All deviations from that ideal are species of socialism, with public ownership and interference with trade.

Within the structure of socialism, he distinguishes the left and right version. "Conservative" socialism favors high regulation, behavioral controls, protectionism, and nationalism. The "liberal" version tends more toward outright public ownership and redistribution.

The consequences of socialism vary based on their degree and kind, but they have similarities: high costs, resource waste, low growth.

This treatise has long been out of print, but is now available again for use in comparative-systems classes and for an orientation to the theory of economic systems. The theoretical apparatus is Rothbardian to the core, and its main contribution is to provide an organizing principle for understanding the structure of real-world economies as measured against pure types.

Product Details

ISBN-13:
2940013637221
Publisher:
ReadCycle
Publication date:
10/18/2011
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
268
Sales rank:
433,344
File size:
925 KB

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