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Economic Calculation in the Socialist Commonwealth

Economic Calculation in the Socialist Commonwealth

by Ludwig von Mises

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appears in Socialism, Finance, and Politics.

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 distingu...

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appears in Socialism, Finance, and Politics.

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Appears In

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Economic Calculation in the Socialist Commonwealth

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