account_balance Socialism
Collective ownership and central control of production
format_quote Quotes
"The third volume of Marx's Capital contradicts the first. A system erected on a certain fundamental principle receives, in the third volume, a superstructure in direct conflict with it. The contradiction is obvious and enormous."
menu_book Karl Marx and the Close of His System
View Full Quote"The paradox of 'planning' is that it cannot plan, because of the absence of economic calculation. What is called a planned economy is no economy at all. It is just a system of groping about in the dark. There is no question of a rational choice of means for the best possible attainment of the ultimate ends sought. What is done is simply to muddle through."
menu_book Human Action: A Treatise on Economics
View Full Quote"Democracy and socialism have nothing in common but one word, equality. But notice the difference, while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude."
menu_book Democracy in America
View Full Quoteauto_stories Books
Human Action: A Treatise on Economics
Ludwig von Mises' magnum opus and the most comprehensive systematic treatment of economics from the Austrian School perspective. Mises develops pra...
Read MoreKarl Marx and the Close of His System
Böhm-Bawerk's definitive refutation of Marxian economics, exposing the fatal internal contradiction between Volume I and Volume III of Das Kapital....
Read MoreSocialism, Economic Calculation and Entrepreneurship
Extends the Misesian impossibility of socialist calculation into a full theory of entrepreneurship, showing that socialism systematically destroys ...
Read MoreA Theory of Socialism and Capitalism: Economics, Politics, and Ethics
Systematic comparison of capitalism and socialism, examining the economic and ethical foundations of different property systems and their consequen...
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