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Socialism: An Economic and Sociological Analysis
In 1922, Mises delivered the definitive refutation of socialism — decades before the Soviet collapse proved him right. The core argument: socialist economies cannot perform economic calculation without prices, and without calculation, they cannot allocate resources rationally. Every socialist experiment since has confirmed his analysis.
This is one of the most important works in the liberty tradition — essential for any serious student of free markets and individual rights.
What You'll Learn from Socialism: An Economic and Sociological Analysis
- 1This work offers rigorous analysis of its subject from a liberty-oriented perspective.
- 2The author builds a systematic argument from first principles.
- 3The implications for policy and practice are far-reaching.
- 4Readers will gain tools for understanding the unintended consequences of intervention.
- 5Essential reading for anyone serious about the ideas of freedom.
Ludwig von Mises
Ludwig von Mises is a leading thinker in the tradition of economic and political liberty. This work represents a significant contribution to the literature of freedom and free markets, and has influenced generations of students and scholars.