<p>This is the Postscript to Economic Calculation in the Socialist Commonwealth (pp. 51-71) by Ludwig von Mises. Narrated by Gennady Stolyarov II.</p>

This is the Postscript to Economic Calculation in the Socialist Commonwealth (pp. 51-71) by Ludwig von Mises. Narrated by Gennady Stolyarov II.

<p>This is the&nbsp;Postscript&nbsp;to&nbsp;Economic Calculation in the Socialist Commonwealth&nbsp;(pp. 51-71) by Ludwig von Mises.&nbsp;Narrated by&nbsp;Gennady&nbsp;Stolyarov&nbsp;II.</p>

Why a Socialist Economy is "Impossible"

This is the essay that overthrew the socialist paradigm in economics, and provided the foundation for modern Austrian price theory. When it first appeared in 1920, Mises was alone in challenging the socialists to explain how their pricing system would actually work in practice. Mises proved that socialism could not work because it could not distinguish more or less valuable uses of social resources, and predicted the system would end in chaos. The result of his proof was the "socialist calculation" debate. This audio book is narrated by Gennady Stolyarov II.

Share Why a Socialist Economy is "Impossible"

Sign up to save your podcasts

Why a Socialist Economy is "Impossible"

Why a Socialist Economy is "Impossible"

More shows like Economic Calculation In The Socialist Commonwealth

Audio Mises Wire

The History of Political Philosophy: From Plato to Rothbard

Radio Rothbard

Economics 101

A History of Money and Banking in the United States Before the Twentieth Century

The Politically Incorrect Guide to American History

The Mises Reader Unabridged

A Theory of Socialism and Capitalism

Money and the Federal Reserve