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Economic Calculation in the Socialist Commonwealth

Ludwig von Mises

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 distingu...
Publish Date
2014
November 5
First Published in 1920
Goodreads rating
4.35
ISBN
9781610165501
Recommendations
0