Socialism: An Economic and Sociological Analysis / Edition 1

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Overview

This book must rank as the most devastating analysis of socialism yet penned. . . . An economic classic in our time.

—Henry Hazlitt

More than thirty years ago F. A. Hayek said of Socialism: "It was a work on political economy in the tradition of the great moral philosophers, a Montesquieu or Adam Smith, containing both acute knowledge and profound wisdom. . . . To none of us young men who read the book when it appeared was the world ever the same again."

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.

Friedrich Hayek's foreword comments on the continuing relevance of this great work: "Most readers today will find that Socialism has more immediate application to contemporary events than it had when it first appeared."

Ludwig von Mises (1881–1973) was the leading spokesman of the Austrian School of Economics throughout most of the twentieth century. He earned his doctorate in law and economics from the University of Vienna in 1906. In 1926, Mises founded the Austrian Institute for Business Cycle Research. From 1909 to 1934, he was an economist for the Vienna Chamber of Commerce. Before the Anschluss, in 1934 Mises left for Geneva, where he was a professor at the Graduate Institute of International Studies until 1940, when he emigrated to New York City. From 1948 to 1969, he was a visiting professor at New York University.

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Product Details

  • ISBN-13: 9780913966631
  • Publisher: Liberty Fund, Incorporated
  • Publication date: 11/1/1981
  • Series: Lib Works Ludwig Von Mises PB
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 596
  • Sales rank: 632,407

Table of Contents


Editorial Foreword ix

Introduction 1
 

PART I. Market Socialism and the Socialist Calculation Debate

One
The Nature and History of the Problem 53
Addendum:  Review of Planwirtschaft und Verkehrswirtschaft 79
Foreword to Brutzkus, Economic Planning in Soviet Russia 84

Two
The Present State of the Debate 89

Three
Socialist Calculation:  The Competitive Solution 117

Four
The Economics of Planning 141

PART II. The Economics and Politics of War

Five
Pricing versus Rationing 151

Six
The Economy of Capital 157

Seven
Documents Relating to the War 161

PART III. Planning, Freedom, and the Politics of Socialism

Eight
Freedom and the Economic System 181

Nine
Freedom and the Economic System [1939] 189

Ten
Planning, Science, and Freedom 213

Eleven
The Intellectuals and Socialism 221

Appendix 
Hayek's Reviews of the Literature 239

Editor's Acknowledgements 255

Name Index 257

Subject Index 261

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