Collectivist Economic Planning

Hayek, F.A.

ISBN 10: 1610161629 / ISBN 13: 9781610161626

Published by Ludwig von Mises Institute, 2015

Item in very good condition! Textbooks may not include supplemental items i.e. CDs, access codes etc. Seller Inventory # 00090319338

Synopsis:

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.

Bibliographic Details

Title: Collectivist Economic Planning
Publisher: Ludwig von Mises Institute
Publication Date: 2015
Binding: Soft cover
Condition: Very Good