In 1920, Ludwig von Mises dropped a bombshell on the European economic world with his article called "Economic Calculation in the Socialist Commonwealth." It argued that socialism was impossible as an economic system. It set off two decades of debate, so by the time the essays appeared in English, in this very book here, in 1935, the debate was still raging. This volume edited by F.A. Hayek dug the knife into socialism's heart unlike any book to ever appear. It contains essays by Mises along with a foreword and afterword by Hayek. It also contains more commentary by N.G. Pierson, George Halm, and Enrico Barone. It is exceptionally well edited and beautifully argued, and has not been in print for many years. The contents are nothing short of prophetic. The so-called "Calculation Argument" has never been answered. It shows that without private property in capital goods, there can be no prices and hence no data available for cost accounting. Production becomes random at best, and completely irrational. Mises had convinced his generation and this book completely devastates the whole socialist apparatus from a theoretical point of view. No one interested in this debate can afford not to be well-versed in the contents of this book. 300 page, paperback, 2009

Collectivist economic planning;: Critical studies on the possibilities of socialism, (Reprints of economic classics)

Business & Money

Ludwig Von Mises

Pierson, N.G.

Friedrich A. von Hayek

George Halm

Enrico Ba

Economics

A. M. Kelly

Principles of Economics

History

BiblioLife

This is a pre-1923 historical reproduction that was curated for quality. Quality assurance was conducted on each of these books in an attempt to remove books with imperfections introduced by the digitization process. Though we have made best efforts - the books may have occasional errors that do not impede the reading experience. We believe this work is culturally important and have elected to bring the book back into print as part of our continuing commitment to the preservation of printed works worldwide.

In 1920, Ludwig von Mises dropped a bombshell on the European economic world with his article called "Economic Calculation in the Socialist Commonwealth." It argued that socialism was impossible as an economic system. It set off two decades of debate, so by the time the essays appeared in English, in this very book here, in 1935, the debate was still raging. This volume edited by F.A. Hayek dug the knife into socialism's heart unlike any book to ever appear. It contains essays by Mises along with a foreword and afterword by Hayek. It also contains more commentary by N.G. Pierson, George Halm, and Enrico Barone. 
It is exceptionally well edited and beautifully argued, and has not been in print for many years. The contents are nothing short of prophetic. 
The so-called "Calculation Argument" has never been answered. It shows that without private property in capital goods, there can be no prices and hence no data available for cost accounting. Production becomes random at best, and completely irrational. Mises had convinced his generation and this book completely devastates the whole socialist apparatus from a theoretical point of view. 
No one interested in this debate can afford not to be well-versed in the contents of this book.

Collectivist Economic Planning

Politics & Social Sciences

VON MISES, LUDWIG

Hayek, F.A.

Halm, Georg

Barone, Enrico

Politics & Government

Ludwig von Mises Institute

Obscure Pr

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