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portada Economic Calculation in the Socialist Commonwealth
Type
Physical Book
Translated by
Year
2015
Language
English
Pages
92
Format
Paperback
Dimensions
27.9 x 21.6 x 0.5 cm
Weight
0.24 kg.
ISBN13
9781514290675

Economic Calculation in the Socialist Commonwealth

Ludwig Von Mises (Author) · S. Adler (Translated by) · Createspace Independent Publishing Platform · Paperback

Economic Calculation in the Socialist Commonwealth - Adler, S. ; Von Mises, Ludwig

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Synopsis "Economic Calculation in the Socialist Commonwealth"

LARGE PRINT EDITION! More at LargePrintLiberty.com.This is the essay that overthrew the socialist paradigm in economics, and provided the foundation for modern Austrian price theory. When it first appeared in 1920, Mises was alone in challenging the socialists to explain how their pricing system would actually work in practice. Mises proved that socialism could not work because it could not distinguish more or less valuable uses of social resources, and predicted the system would end in chaos. The result of his proof was the two-decade-long "socialist calculation" debate. This new edition contains an afterword by Joseph Salerno, who applies the calculation argument to contemporary problems like environmentalism and business regulation.

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