Economic Calculation in the Socialist Commonwealth (Large Print Edition)

Economic Calculation in the Socialist Commonwealth (Large Print Edition)
Author: Ludwig von Mises
Publisher: CreateSpace
Total Pages: 92
Release: 2015-06-10
Genre:
ISBN: 9781514290675

LARGE PRINT EDITION! More at LargePrintLiberty.com. 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 distinguish more or less valuable uses of social resources, and predicted the system would end in chaos. The result of his proof was the two-decade-long "socialist calculation" debate. This new edition contains an afterword by Joseph Salerno, who applies the calculation argument to contemporary problems like environmentalism and business regulation.

Economic Calculation in the Socialist Commonwealth

Economic Calculation in the Socialist Commonwealth
Author:
Publisher: Ludwig von Mises Institute
Total Pages: 100
Release: 1990
Genre: Business & Economics
ISBN:

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 distinguish more or less valuable uses of social resources, and predicted the system would end in chaos. The result of his proof was the two-decade-long "socialist calculation" debate. This new edition contains an afterword by Joseph Salerno, who applies the calculation argument to contemporary problems like environmentalism and business regulation. "The significance of Misess 1920 article extends far beyond its devastating demonstration of the impossibility of socialist economy and society. It provides the rationale for the price system, purely free markets, the security of private property against all encroachments, and sound money. Its thesis will continue to be relevant as long as economists and policy-makers want to understand why even minor government economic interventions consistently fail to achieve socially beneficial results. "Economic Calculation in the Socialist Commonwealth" surely ranks among the most important economic articles written this century." -Joseph T. Salerno, from the afterword

Profit and Loss

Profit and Loss
Author: Ludwig Von Mises
Publisher: Ludwig von Mises Institute
Total Pages: 59
Release: 2008
Genre: Capitalism
ISBN: 1610163567

In 1951, Mises gave an outstanding paper that made the summary case for the price system under capitalistic economic systems. In "Profit and Loss," he explains how cost accounting is the critical institution that ferrets out social waste, ensures that resources are directed to their most highly valued ends, and how entrepreneurs respond to price signals. His presentation is systematic, relentless, logical, and ultimately devastating to the opponents of profit and loss. He explains what it is that entrepreneurs confront in a market economy and how no bureaucratic institution can replicate the trial-and-error process that is at the heart of the market system. He weaves into his analysis the role of the consumer as the final arbiter of what is produced and distributed. Behind Mises's presentation was a burning desire to not only persuade the world but the attendees of the Mont Pelerin Society meeting in particular, whom Mises suspected were losing touch with core truths about the market order. The great merit of this essay is its brevity and passion. It explains the workings of what most people never think about or take for granted. Graduate students of economics have appreciated this essay for many years as the best summary of the technical side of the market. -- from Mises Institute website

Economic Calculation in the Socialist Society

Economic Calculation in the Socialist Society
Author: Trygve J. B. Hoff
Publisher: Ludwig von Mises Institute
Total Pages: 0
Release: 1981
Genre: Business & Economics
ISBN: 9780913966938

Dr. Hoff's 1938 book and Professor Vaughn's important introduction establish the theoretical impossibility of socialism: a system empirically in ruins but still advocated by many.

Beyond Self-interest

Beyond Self-interest
Author: Gregory R. Beabout
Publisher: Lexington Books
Total Pages: 148
Release: 2002
Genre: Biography & Autobiography
ISBN: 9780739101834

Foundations of Economic Personalism is a series of three book-length monographs, each closely examining a significant dimension of the Center for Economic Personalism's unique synthesis of Christian personalism and free-economic market theory. In the aftermath of the momentous geo-political and economic changes of the late 1980s, a small group of Christian social ethicists began to converse with free-market economists over the morality of market activity. This interdisciplinary exchange eventually led to the founding of a new academic subdiscipline under the rubric of economic personalism. These scholars attempt to integrate economic theory, history, and methodology with Christian personalism's stress upon human dignity, humane social structures, and social justice. This volume presents the methodological and theoretical foundations for economic personalism through a detailed investigation of human action from two different, yet complementary perspectives: from the personalist perspective of Karol Wojtyla in the Acting Person (1969), and the free-market perspective of Ludwig von Mises in Human Action (1949). By comparing and contrasting the viewpoints of Wojtyla and Mises, the authors develop a comprehensive praxeology (i.e., a theory of human action) capable of analyzing human action from moral and economic perspectives. Beyond Self-Interest illustrates how a unified praxeology could encourage more sustained analysis of the moral dimensions of economic activity while simultaneously softening the utilitarian prejudice of contemporary economic analysis.

Friedrich Hayek

Friedrich Hayek
Author: Fouad Sabry
Publisher: One Billion Knowledgeable
Total Pages: 263
Release: 2024-01-14
Genre: Business & Economics
ISBN:

Who is Friedrich Hayek Friedrich August von Hayek was an Austrian-British economist and political philosopher who made contributions to a variety of subjects, including economics, political philosophy, psychology, intellectual history, and others. He is commonly referred to by his initials, F. A. Hayek. The Nobel Memorial Prize in Economic Sciences was awarded to Hayek and Gunnar Myrdal in 1974 for their respective contributions to the study of money and economic fluctuations, as well as the interconnection of economic, social, and institutional phenomena with one another. It is widely acknowledged that his explanation of how prices convey information is a significant addition to the field of economics, which is what led to him being awarded the recognition. How you will benefit (I) Insights about the following: Chapter 1: Friedrich Hayek Chapter 2: Austrian school of economics Chapter 3: Milton Friedman Chapter 4: Henry Hazlitt Chapter 5: Frank Knight Chapter 6: Libertarian theories of law Chapter 7: Chicago school of economics Chapter 8: Mont Pelerin Society Chapter 9: The Road to Serfdom Chapter 10: Armen Alchian Chapter 11: Criticism of socialism Chapter 12: Ludwig von Mises Chapter 13: Friedrich Hayek bibliography Chapter 14: The Use of Knowledge in Society Chapter 15: Consequentialist libertarianism Chapter 16: Individualism and Economic Order Chapter 17: Perspectives on capitalism by school of thought Chapter 18: Ronald Hamowy Chapter 19: Norman P. Barry Chapter 20: Alan O. Ebenstein Chapter 21: Masters of the Universe (book) Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information about Friedrich Hayek.

Libertarian Vanguard

Libertarian Vanguard
Author: Fouad Sabry
Publisher: One Billion Knowledgeable
Total Pages: 170
Release: 2024-04-20
Genre: Business & Economics
ISBN:

Who is Libertarian Vanguard Murray Newton Rothbard was an American economist of the Austrian School, economic historian, political theorist, and activist. Rothbard was a central figure in the 20th-century American libertarian movement, particularly its right-wing strands, and was a founder and leading theoretician of anarcho-capitalism. He wrote over twenty books on political theory, history, economics, and other subjects. How you will benefit (I) Insights about the following: Chapter 1: Murray Rothbard Chapter 2: Henry Hazlitt Chapter 3: Hans-Hermann Hoppe Chapter 4: Mises Institute Chapter 5: Lew Rockwell Chapter 6: Paleolibertarianism Chapter 7: Mark Thornton Chapter 8: Ralph Raico Chapter 9: Ludwig von Mises Chapter 10: Burton Blumert Chapter 11: Right-libertarianism Chapter 12: Joseph T. Salerno Chapter 13: Center for Libertarian Studies Chapter 14: Conceived in Liberty Chapter 15: Lawrence Fertig Chapter 16: Libertarian conservatism Chapter 17: The Betrayal of the American Right Chapter 18: Walter Block Chapter 19: Larry Schweikart Chapter 20: David Gordon (philosopher) Chapter 21: Jörg Guido Hülsmann Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information about Libertarian Vanguard.