Economic Calculation in the Socialist Commonwealth (LvMI)

In "Economic Calculation in the Socialist Commonwealth," Ludwig von Mises challenges the viability of socialism by demonstrating its inability to effectively allocate resources due to the lack of a pricing system. First published in 1920, this seminal essay sparked a significant debate on the practicalities of socialist economics and its inherent flaws. The new edition features an insightful afterword by Joseph Salerno, who connects the relevance of Mises's arguments to contemporary issues such as environmental policy and business regulation, emphasizing the enduring importance of sound economic principles.