This book must rank as the most devastating analysis of socialism yet penned. . . . An economic classic in our time.
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."
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Review: Socialism: An Economic and Sociological AnalysisUser Review - George Cooper - Goodreads
Exceptional, a must read for every aspiring economist. My words would not do Mises justice. Read full review
Review: Socialism: An Economic and Sociological AnalysisUser Review - Jason Keisling - Goodreads
I've yet to meet a person who advocated socialism after reading this book. For a shorter critique of the problems of calculation, Mises also wrote "Economic Calculation in the Socialist Commonwealth", which is also quite good, but significantly shorter. Read full review