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Monthly Review | Why Socialism?
Monthly Review | Why Socialism?
Is it advisable for one who is not an expert on economic and social issues to express views on the subject of socialism? I believe for a number of reasons that it is.… Clarity about the aims and…
·monthlyreview.org·
Monthly Review | Why Socialism?
"The Use of Knowledge in Society" - Econlib
"The Use of Knowledge in Society" - Econlib
What is the problem we wish to solve when we try to construct a rational economic order? On certain familiar assumptions the answer is simple enough. If we possess all the relevant information, if we can start out from a given system of preferences, and if we command complete knowledge of available means, the problem […]
·econlib.org·
"The Use of Knowledge in Society" - Econlib
The Inevitable Failure of Socialism
The Inevitable Failure of Socialism
"As Mises summarized the fate of a fully socialized economy, 'As soon as one gives up the conception of a freely established monetary price for goods of a higher order, rational production becomes completely impossible.'" ~ Donald J. Boudreaux
·aier.org·
The Inevitable Failure of Socialism