By Ludwig von Mises
Translated by J. Kahane
Foreword by F. A. Hayek
This book must rank as the most devastating analysis of socialism yet penned. . . . An economic classic in our time.
More than thirty years ago F. A. Hayek said of Socialism: "It was a work on political economy in the tradition of the great moral philosophers, a Montesquieu or Adam Smith, containing both acute knowledge and profound wisdom. . . . To none of us young men who read the book when it appeared was the world ever the same again."
This is a newly annotated edition of the classic first published in German in 1922. It is the definitive refutation of nearly every type of socialism ever devised. Mises presents a wide-ranging analysis of society, comparing the results of socialist planning with those of free-market capitalism in all areas of life.
Friedrich Hayek's foreword comments on the continuing relevance of this great work: "Most readers today will find that Socialism has more immediate application to contemporary events than it had when it first appeared."
Publication Date: July 1960
Foreword, epilogue, index to works cited, index to subjects and names, biographical note.
Paperback also available.
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