Getting the download link through email is temporarily not available. Please check back later.
To get the free app, enter your mobile phone number.
Socialism: An Economic and Sociological Analysis Paperback – November 1, 1981
|New from||Used from|
ITPro.TV Video Training
Take advantage of IT courses online anywhere, anytime with ITPro.TV. Learn more.
Frequently Bought Together
Customers Who Bought This Item Also Bought
About the Author
F. A. Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and the principal proponent of libertarianism in the twentieth century. He taught at the University of London, the University of Chicago, and the University of Freiburg.
Top Customer Reviews
Why must socialism fail? The simple answer is because it lacks private ownership and a market for the means of production. As Mises put it "where there is no market there is no price system, and where there is no price system there can be no economic calculation". The full answer has several parts. First, economic calculation requires functioning financial markets. Second, economic calculation requires actual rivalry in markets. Third, economic calculation requires entrepreneurial alertness to profit opportunities. With these three elements in place monetary calculation of private profit reflects true economic costs. As Mises put it economic calculation "is essentially a matter for the capitalists- the capitalists who buy and sell stocks and shares, who make loans and recover them, who make deposits in the banks and draw them out of the banks again, who speculate in all kinds of commodities". Perpetually changing economic conditions mean that- "it is above all necessary that capital should be withdrawn from particular lines of production, from particular undertakings and concerns and should be applied in other lines of production, in other undertakings and concerns".Read more ›
Most Recent Customer Reviews
After reading the first chapter of the book, I feel obliged to remark that the very first review of this book has descended to the tactics of slandering, as mentioned by the... Read morePublished 1 month ago by J.K.Young
Ive found the book helpful and am not an economist by any stretch. Definitely worth reading in my opinion.Published 2 months ago by Kindle Customer
Devastating critique of Socialism and still timely after 65 years! This is the complement to Human Action. The more I read of Mises, the more I like.Published 2 months ago by Althusius
I'm a huge fan of von Mises, having read his Human Action and Theory of Money and Credit. However, this work is justifiably more obscure than the others. Read morePublished 5 months ago by Walter F. Kailey
Can't find this important book by Mises for my Kindle. If anyone could provide this book please do so for the sake of all who are interested. Thanks!Published 5 months ago by MaryMG
The book resides somewhere amidst economics, history and philosophy.
Mises slays socialism on all three counts. Read more
the genius of Mises is evident as he diagnoses the problems of our society 100 years outPublished 8 months ago by Fernando Silva
I have found that if there are any doubts or questions about Austrian economics or sociological then you just need to read a bit more and you find that someone has already thought... Read morePublished 8 months ago by Amazon Customer
In my opinion, I am a student of Von Mises, and his work is great and better than the 50k I blew on that no nonsense degree which adorns my wall.Published 9 months ago by Serpico36