PREVIEW

Socialism: An Economic and Sociological Analysis (Book/ Paperback)

Product Overview

This book must rank as the most devastating analysis of socialism yet penned. . . . An economic classic in our time. —Henry Hazlitt

More than thirty years ago F. A. Hayek said of Socialism: "It was a work on political economy in the tradition of the great moral philosophers, a Montesquieu or Adam Smith, containing both acute knowledge and profound wisdom. . . . To none of us young men who read the book when it appeared was the world ever the same again."

This is a newly annotated edition of the classic first published in German in 1922. It is the definitive refutation of nearly every type of socialism ever devised. Mises presents a wide-ranging analysis of society, comparing the results of socialist planning with those of free-market capitalism in all areas of life.

Friedrich Hayek's foreword comments on the continuing relevance of this great work: "Most readers today will find that Socialism has more immediate application to contemporary events than it had when it first appeared."

Language Notes Text: English, German (translation)

About the Author(s)

Ludwig Heinrich Edler von Mises (1881-1973) was an Austrian economist, philosopher, and classical liberal who was a prominent figure in the Austrian School of economic thought. Fearing a Nazi take-over of Europe, Mises emigrated to New York in 1940. He published his magnum opus Human Action in 1949. Mises had a significant influence on the Libertarian movement that developed in the United States in the mid-20th century.