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 - Luke Held - Goodreads
Stopped after the introduction. Pure ideology. You pretty much could have swapped the word "capitalism" for the word "Socialism" in the opening and it would have been just as true. There are major ... 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