The social condition and education of the people in England and Europe

Kay, Joseph

A. M. Kelly

<p>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. 300 page, paperback, 2009</p>

Collectivist economic planning;: Critical studies on the possibilities of socialism, (Reprints of economic classics)

Business & Money

Ludwig Von Mises

Pierson, N.G.

Friedrich A. von Hayek

George Halm

Enrico Ba

Economics

Origin of the new system of manufacture commonly called power-loom weaving;: Fully explained in a narrative containing William Radcliffe's struggles through life, (Reprints of economic classics)

Crafts, Hobbies & Home

William Radcliffe

Crafts & Hobbies

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Books by A. M. Kelly