No Image Available

Collectivist Economic Planning

 Author: F.A. Hayek  Category: Other Books  Published: 1935  File Size: 26.9 MB  Download
 Description:

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.


Other Books From - Other Books


No Image Available Envy: A Theory of Social Behaviour Other Books Helmut Schoeck
No Image Available The Open Society and Its Enemies Other Books Karl Popper
No Image Available Social Statics Other Books Herbert Spencer
No Image Available The Wealth of Nations Other Books Adam Smith
No Image Available The Theory of Moral Sentiments Other Books Adam Smith
No Image Available On Liberty Other Books John Stuart Mill
No Image Available Second Treatise of Government Other Books John Locke
No Image Available The Calculus of Consent Other Books James Buchanan
No Image Available Capitalism and Freedom Other Books Milton Friedman


Other Books By - F.A. Hayek



 Back

Featured Product

Join Us

Donate

Get in touch

Collaboratively harness market-driven processes whereas resource-leveling internal or "organic" sources. Competently formulate.