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Socialism: An Economic and Sociological Analysis Paperback – October 26, 2015

by Ludwig von Mises (Author)

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This masterwork is much more than a refutation of the economics of socialism. In short, Mises yanked out the collectivist mentality from its very roots. All the collectivist literature combined cannot equal the intellectual achievement of this one volume. Ludwig von Mises’s Socialism is the most important critical examination of socialism ever written. Socialism is most famous for Mises’s penetrating economic calculation argument. The book contains much more however. Mises not only shows the impossibility of socialism: he defends capitalism against the main arguments socialists and other critics have raised against it. A centrally planned system cannot substitute some other form of economic calculation for market prices, because no such alternative exists. Capitalism is true economic democracy. Socialism addresses the contemporary issues of economic inequality and argues that wealth can exist for long periods only to the extent that wealthy producers succeed in satisfying the consumers. Mises shows that there is no tendency to monopoly in a free market system. Mises analyzes reform measures, such as social security and labor legislation, which in fact serve to impede the efforts of the capitalist system to serve the masses. Socialism is a veritable encyclopedia of vital topics in the social sciences, all analyzed with Mises’s unique combination of historical erudition and penetrating insight.

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Product details

Paperback: 600 pages
Publisher: Ludwig von Mises Institute (October 26, 2015)
Language: English
ISBN-10: 1610166531
ISBN-13: 978-1610166539
Product Dimensions: 6 x 1.4 x 9 inches
Shipping Weight: 2.2 pounds (View shipping rates and policies)
Average Customer Review: 81 customer reviews
Amazon Best Sellers Rank: #2,580,317 in Books (See Top 100 in Books)
- #46503 in Books > Business & Money > Economics

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D. Nickels

Brilliance Unleashed

December 14, 2015

Format: HardcoverVerified Purchase

Amazing book.
The book resides somewhere amidst economics, history and philosophy.
Mises slays socialism on all three counts.
Economically the inability to perform economic calculations kills socialism and makes it static, unable to adjust to anything.
Philosophically he shows how liberalism is superior to collectivism and all other forms of coercion in the name of the mythical 'society' are simple covers for tyranny.
Historically he traces the Marxist movement in the pre war and post war years. I gleaned some new insight into the split of the Marxists that birthed the Bolsheviks. The chapter on Christian Chiliasm I find particularly fascinating. He shows that while Christianity is often the force resisting communism, it also contributes greatly due to the misunderstanding of the gospels and their incorrect interpretation as non-messianic guidelines. The gospels were based on the understanding that the Kingdom of God was just around the corner. They were not intended as a guide to creating a communist society.
Brilliant man.

9 people found this helpful10 people found this helpful

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Tian Xin

A Magnum Opus that must be read!

March 4, 2017

Format: PaperbackVerified Purchase

If I could I would give this book 10 stars! It is a tour de force, a magnum opus of Mises' that is timeless. If you ever really wanted to know why there is such a hue and cry for a static steady state economic system at full equilibrium by the left and socialists Mises uncovers it here. As he states herein, 'It is the only economic system that socialism can manage.'

The entire background and reason for the socialism calculation debate is inside of these pages. I have debated with many who have read a blog or try to refute Mises out of hand but you cant do it. he has covered every type of socialism within these pages and had already refuted whatever you can bring to the table.

4 people found this helpful5 people found this helpful

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Lee Robinson

Ludwig von Mises best know work "Socialism"

April 17, 2013

Format: PaperbackVerified Purchase

Ludwig von Mises is the major force in the Austrian School of Economics. In the 1920's everyone understood the incentive problems of socialism. If everyone is equal who is going to shovel manure and take out the garbage. The answer socialist gave was the creation of the morally superior Socialist Man working for the common good cheerfully so that taste-testing cake and coal mining would not be percieved as different vocations in utopia. Wew! that problem is solved! We weren't buy it but is was considered correct and polite opinion before the inevitable crime of collectivism were revealed, but it still has adherents at universities, Hollywood, and the media. Mises' unique insight - which was taken seriously at the time and today is that without free actors in a free (unhampered) market using freely adjusting prices it is IMPOSSIBLE to allocate resources in any way other than in massively tragic, embarrassing, and distructive misallocations. This book detail why a centrally planned economy will misallocate everything and cause tragic waste and inevitable as well as unnecessary poverty. The book is an elaboration of his masterwork article "The Impossibility of Calculation in the Socialist Commonwealth"

10 people found this helpful11 people found this helpful

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Henry F

A Truly Foundational Work in Political Economy

December 17, 2017

Format: PaperbackVerified Purchase

One of the few truly foundational works in political economy. Highly relevant and critical to everyone's understanding, including affecting how you vote on matters affecting political economy.

3 people found this helpful4 people found this helpful

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Kelly H

It is no exaggeration to say this text changed my ...

November 9, 2015

Format: HardcoverVerified Purchase

It is no exaggeration to say this text changed my entire world view. Mises lays out a case for capitalism that is unabashed, carefully defining and comparing true free markets to socialistic approaches from an organic moral construction in the tradition of pure Austrian theory. It at once made me an Austrian, an instant Mises fan, and educated me on the errors in my previous thinking on these subjects.

5 people found this helpful6 people found this helpful

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D. D. LeDu

A comprehensive destruction of state planning

March 1, 2012

Format: Kindle EditionVerified Purchase

I have read numerous books on economics and always notice references to von Mises. Finally, I decided to go to the source, starting with "Socialism". Halfway through the book I was hooked and started collecting seven other von Mises books.

Reading this book requires a certain dedication, since every paragraph needs a great deal of concentration. It is not something to read while watching a ball game.

On the other hand, it is addictive. And you begin to wonder why his observations and conclusions are not accepted and put into practice. However, as you read others of his books, he explains why the statists will prevail.

This is a great book, especially now. His arguments for letting interest rates seek their own level without government interference explains much about our current problems. You will begin to despair of this administration's insistence on artificially low interest rates.

von Mises was truly a genius, as well as a prophet. Read this book, then move on to his others.

5 people found this helpful6 people found this helpful

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Althusius

Socialism still does not Work!

May 11, 2016

Format: Kindle EditionVerified Purchase

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.

5 people found this helpful6 people found this helpful

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Paul Hedquist

A Systematic Dismantling of Socialist Theory

June 13, 2018

Format: HardcoverVerified Purchase

Von Mises is a genius. This one book, if read and understood, proves beyond a doubt the fallacy and conceit of all attempts to eliminate private ownership of the means of production and exposes the naivete of central planning. How Marxists can still believe in the fantasy of Marxism is astonishing. Von Mises shows how State Socialism, Syndicalism, Collectivism, and any and all other forms of collectivist thought and Statism are folly. If colleges simply required this one book to be read in economics and political science courses, no graduating student could ever, in their right mind, vote for any left-wing Socialist political candidate ever again.

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