Read Prime Socialism: An Economic and Sociological AnalysisAuthor Ludwig von Mises – Circuitwiringdiagram.co

This book must rank as the most devastating analysis of socialism yet penned An economic classic in our time Henry HazlittMore than thirty years ago F A Hayek said of SocialismIt 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 inIt 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 lifeFriedrich Hayek s foreword comments on the continuing relevance of this great work Most readers today will find that Socialism has immediate application to contemporary events than it had when it first appeared Ludwig von Mises was the leading spokesman of the Austrian School of Economics throughout most of the twentieth century He earned his doctorate in law and economics from the University of Vienna inIn , Mises founded the Austrian Institute for Business Cycle Research Fromto , he was an economist for the Vienna Chamber of Commerce Before the Anschluss, inMises left for Geneva, where he was a professor at the Graduate Institute of International Studies until , when he emigrated to New York City Fromto , he was a visiting professor at New York University


10 thoughts on “Socialism: An Economic and Sociological Analysis

  1. Patrick Peterson Patrick Peterson says:

    This is my favorite book by my favorite author He dissects every known form of socialism up to the date of publication 1922 His words have stood the test of time and there are very few, if any really new ideas on the subject since, that are not actually described if not by the same names and torn apart in this book This is the book that turned the Nobel Prize winning economist Friedrich von Hayek away from the social democracy ideology, held before he read it But most importantly, Mises d This is my favorite book by my favorite author He dissects every known form of socialism up to the date of publication 1922 His words have stood the test of time and there are very few, if any really new ideas on the subject since, that are not actually described if not by the same names and torn apart in this book This is the book that turned the Nobel Prize winning economist Friedrich von Hayek away from the social democracy ideology, held before he read it But most importantly, Mises demonstrated conclusively how socialism is not a rational system and has to fail, of its own inconsistencies.The scope is magisterial covering everything from love and sex under socialism and capitalism, to the details of national economic planning Democratic Socialism, Christian Socialism, Syndicalism, Marxism, National Socialism, Monopolies, the concentration of Capital, Trade Unionism, Income Inequality, Interventionism, all the key concepts are presented fairly, clearly and persuasively.You will be amazed at how relevant and thoroughly readable this book is today, almost 100 years after it first appeared.The super popular and well known in his day author of best selling The Worldly Philosophers and many other books socialist American economist Robert Heilbroner said not long after the collapse of the Berlin Wall and most of the communist world in 1989, that of course Mises was right That s an incredibly ironic of course, since Heilbroner made his name pushing various types of socialism during his long academic and best selling writing career.The prominent in Europe Polish socialist 1920s 30s Oscar Lange said socialists should erect a statue to Mises, for his pointing out a critical flaw in socialism He was only partially being facetious.If even honest socialists such as these admit Mises was right, shouldn t you know what he said about socialism Another huge benefit to reading this book is that Mises does not contend himself with only being critical of Socialism No, not at all He makes the full case for a rigorous liberal society based on a truly free market economy with property rights as the key.This book is one of the all time greatest achievements of the human mind Considering this, it is also not all that difficult to read I thought virtually every part fascinating, and was incredibly enriched by reading it all, which I have done several times since I discovered it about 1976 Considering how popular socialism is becoming these days 2019 , despite over 100 years of evidence of how destructive to mankind this ideology and economic system is, wouldn t perhaps finding out what it is really all about, in all its manifest forms be a wise move Enjoy


  2. Luke Held Luke Held says:

    Stopped after the introduction Pure ideology You pretty much could have swapped the word capitalism for the word Socialism in the opening and it would have been just as true There are major structural problems with Socialism and with Capitalism This book is pure attack of a theory which the author clearly disagrees with, there is no science in this type of economic writing, just results justifying a point of view I could not help feeling that the Author was simply protecting his interes Stopped after the introduction Pure ideology You pretty much could have swapped the word capitalism for the word Socialism in the opening and it would have been just as true There are major structural problems with Socialism and with Capitalism This book is pure attack of a theory which the author clearly disagrees with, there is no science in this type of economic writing, just results justifying a point of view I could not help feeling that the Author was simply protecting his interests One of his points was that given the choice between Socialism and Capitalism the people would surely choose Socialism, because it takes from the rich and gives to the populace, but is a failing way to organize an economy This theory basically says that people are too dumb to have democracy It s obvious why that despite the increases of the voter base since the books publishing that the percentage of eligible voters has dropped, the ruling class has no interest in having the people actually have democratic power.Another comical point was that all ownership has occurred through violence, yet the solution is not to redistribute that stolen property, but to maintain the ownership structure Basically, once you steel something, it s yours and you get to keep it And he calls socialism brutal.Reading the introduction was worth the investment Continuing onto his evidence and analysis appears to be a waste of time


  3. Earl Solper Earl Solper says:

    Written between WWI and WWII, Socialism An Economic and Sociological Analysis is interesting as a historical document He correctly predicts many of the difficulties the Communist regimes would face However, von Mises loses me when he seeks to justify the Opium War Even in the 1920s, the absurdity of the claim that Not only each Chinese and each Hindu, but also each European and each American, would be considerably worse off had it not been for England s aggressive attempts to open China to Written between WWI and WWII, Socialism An Economic and Sociological Analysis is interesting as a historical document He correctly predicts many of the difficulties the Communist regimes would face However, von Mises loses me when he seeks to justify the Opium War Even in the 1920s, the absurdity of the claim that Not only each Chinese and each Hindu, but also each European and each American, would be considerably worse off had it not been for England s aggressive attempts to open China to Free Trade should have been apparent Von Mises puts the blame on the Chinese people for failing to abstain by their own impulse from enjoyments harmful to their organism rather than on the state sponsored drug dealers who used England s military to open China to a trade in drugs banned in their own country Finally, there isthan a touch of hypocrisy when the economist who claims that Socialism is primarily an evil because it decreases net productivity even when it provides some local advantage defends a war which introduced wide scale habit with its resulting population of non productive addicts


  4. Jason Keisling Jason Keisling says:

    I ve yet to meet a person who advocated socialism after reading this book For a shorter critique of the problems of calculation, Mises also wrote Economic Calculation in the Socialist Commonwealth , which is also quite good, but significantly shorter.


  5. Rachel Reid Rachel Reid says:

    Suffers a bit from Lord of the Rings syndrome Reading Tolkein now can be weird, because a lot of LotR can seem cliche or common but that s because LotR was the progenitor of the tropes that now seem overly familiar It is a victim of its own success Likewise some of the stuff in the beginning of Mises s Socialism seems obvious cliche to someone familiar with the likes of Friedman Goldwater Rand or basically any modern right wing writers But that is because they are the intellectual children Suffers a bit from Lord of the Rings syndrome Reading Tolkein now can be weird, because a lot of LotR can seem cliche or common but that s because LotR was the progenitor of the tropes that now seem overly familiar It is a victim of its own success Likewise some of the stuff in the beginning of Mises s Socialism seems obvious cliche to someone familiar with the likes of Friedman Goldwater Rand or basically any modern right wing writers But that is because they are the intellectual children of Mises and its interesting to see these ideas in their primal form The book as a whole is worth reading, but the epilogue is particularly excellent


  6. Trey Smith Trey Smith says:

    Mises in extraordinary fashion devastatingly destroys socialism as a viable economic system This book provides unique analysis as to the different types of socialism represented mainly in two types that of Soviet socialism and that of German socialism Mises also provides a unique sociological and ethical criticism of Socialism from his utilitarian and classically liberal viewpoint Although I much prefer Mises, the economist to Mises the sociologist or ethicist, he provides interesting analysi Mises in extraordinary fashion devastatingly destroys socialism as a viable economic system This book provides unique analysis as to the different types of socialism represented mainly in two types that of Soviet socialism and that of German socialism Mises also provides a unique sociological and ethical criticism of Socialism from his utilitarian and classically liberal viewpoint Although I much prefer Mises, the economist to Mises the sociologist or ethicist, he provides interesting analysis that provides insight to a utilitarian critique of socialism


  7. Ian Hodge Ian Hodge says:

    Perhaps no one in the 20th century provided asystematic defense of the free market than Ludwig von Mises The scope of his writings was broad his analysis incisive.In this book, Von Mises undertakes the tasks of describing socialism and its implication for economics and the broader culture His thesis can be illustrated in these words If the control of private property is transferred to the State the property owner is only an official, a deputy of the economic administration For Von Mi Perhaps no one in the 20th century provided asystematic defense of the free market than Ludwig von Mises The scope of his writings was broad his analysis incisive.In this book, Von Mises undertakes the tasks of describing socialism and its implication for economics and the broader culture His thesis can be illustrated in these words If the control of private property is transferred to the State the property owner is only an official, a deputy of the economic administration For Von Mises, it was either private ownership and therefore control of property, or else it was socialism Anything in between, as he argued elsewhere, is merely the free market on the road to totalitarian There can be no middle of the road policy that does not lead to to full socialism IN this book, Von Mises lays out his case against all forms of government or public ownership of property in favor of private ownership And if ever you want to test the question of ownership, just ask who makes the final decision about what is to be done The answer you provide will tell you if you have private or government ownership.A key to Von Mises s objection to socialism is its inherent impossibility at total control No human mind, even the collective mind of mankind, is capable of managing the myriad of economic relationships that exist between goods and services on the one hand, and people on the other Socialism and socialists might have noble aims, but they are ultimately incapable of delivering the utopia for which they yearn.If you re planning to read only one book on the meaning and implications of socialism, this should be the one


  8. Steve Hadfield Steve Hadfield says:

    If people want to know the fallacies of socialism, this is the book I might disagree with some of his conclusions about Protestantism, but it touches on every aspect of what socialism is, how it works, and how it really affects mankind.He discusses it roots and shoots into communism and even how they differ, or how it was implemented differently than one would expect In short, socialism can only be achieved with totalitarianism It is inevitable total state control is the only way to truly i If people want to know the fallacies of socialism, this is the book I might disagree with some of his conclusions about Protestantism, but it touches on every aspect of what socialism is, how it works, and how it really affects mankind.He discusses it roots and shoots into communism and even how they differ, or how it was implemented differently than one would expect In short, socialism can only be achieved with totalitarianism It is inevitable total state control is the only way to truly implement it Its based on economics that can never, ever work in the real world there isn t enough money And it creates and perpetuates and exasperbates the very problems its said to fix I d call it a ponzie scheme as long as there is money to steal from the rich, it will appear to work.Once they re gone, it collapses like a house of cards.My only problem with the book is its length its long But to touch on every aspect of the subject, that is what was needed


  9. Alessandro Puzielli Alessandro Puzielli says:

    This book is the root of position of classical liberalism and of libertarian thinking in the XX Century Friedrich von heyek, Murray Rothbard.The socialism is showed as the better way to delete resources and civilization if the political mens delete the free market, then they delete the system of price without another good way to determine the preferences and needed of people.


  10. Alfred Stappenbeck Alfred Stappenbeck says:

    My major takeaway from this book is that I don t understand what some of my friends are referring to when they speak fondly of Socialism For instance, which kind Guild Socialism, National Socialism, Christian Socialism, Military Socialism, State Socialism, Solidarism Misses covers all of these and , highlighting their similarities and exploring differences Further, are these friends actually expecting that all the means of production become state owned or just some, why differentiate bet My major takeaway from this book is that I don t understand what some of my friends are referring to when they speak fondly of Socialism For instance, which kind Guild Socialism, National Socialism, Christian Socialism, Military Socialism, State Socialism, Solidarism Misses covers all of these and , highlighting their similarities and exploring differences Further, are these friends actually expecting that all the means of production become state owned or just some, why differentiate between all or some Are they on board with the labor theory of value Have they found a credible solution to the problem of Economic Calculation that Misses refers to in this book If you count yourself a Socialist or are sympathetic to it, please explain what exactly it is about Socialism you find attractive It seems that the word Socialism has now come to mean something different than what it meant in the 1920 s approx time of this books publishing or 1800 s the approx time of Karl Marx and his supposed synonymous use of both terms Communism and Socialism The book does make mention in the epilogue of the term Socialism diverging from its original synonymous usage with Communism, starting with its subtle change by Lenin and finally itssignificant shift in meaning by Stalin Apparently Lenin differentiated by changing the meaning of Communism to refer to the aggressive revolutionary tactics he was advocating prior to the Bolshevik revolution and Socialism referred to the advocates of a slower evolutionary path to the same ultimate end Stalin then changed it again to refer to an incomplete Communism that focuses on dictating the means of production but not realizing the full potential of Marx s doctrine With a book this long it s difficult to accumulate criticisms without it turning into a book all in itself My main issue which I noticed throughout the book and which you can find a specific case of on the bottom of Pg 31 In the introduction Misses reveals how he sees the proper evaluation of Socialism being conducted No mention of ethics is given In fact science is described as the tool to teach us about society Further, he states the issue of judging socialism is political Institutions are apparently primary over ethics Here is the quote, The question whether society ought to be built up on the basis of private ownership of the means of production or on the basis of public ownership of the means of production is political Science cannot decide it Science cannot pronounce a judgment on the relative values of the forms of social organization But Science alone, by examining the effects of institutions, can lay the foundations for an understanding of society I claim Misses is putting the cart before the horse