From Marx to Mises

Post Capitalist Society and the Challenge of Ecomic Calculation

Business & Finance, Economics, Economic Conditions
Cover of the book From Marx to Mises by David Ramsay Steele, Open Court
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Author: David Ramsay Steele ISBN: 9780812698626
Publisher: Open Court Publication: December 15, 2013
Imprint: Open Court Language: English
Author: David Ramsay Steele
ISBN: 9780812698626
Publisher: Open Court
Publication: December 15, 2013
Imprint: Open Court
Language: English

In 1920, Ludwig von Mises proclaimed that all attempts to establish socialism would come to grief, for reasons of informational efficiency. At first, socialists and economists took Mises's argument seriously, but by the end of the Second World War, a consensus prevailed that Mises had been discredited. More recently, that consensus has been rapidly reversed: it is now widely agreed that 'Mises was right'. Yet the momentous implications of the Mises argument - for economics, politics, culture, and philosophy - remain largely unexplored. From Marx to Mises is a clear, penetrating exposition of the economic calculation debate, and a scrutiny of some of the broader issues it raises.

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In 1920, Ludwig von Mises proclaimed that all attempts to establish socialism would come to grief, for reasons of informational efficiency. At first, socialists and economists took Mises's argument seriously, but by the end of the Second World War, a consensus prevailed that Mises had been discredited. More recently, that consensus has been rapidly reversed: it is now widely agreed that 'Mises was right'. Yet the momentous implications of the Mises argument - for economics, politics, culture, and philosophy - remain largely unexplored. From Marx to Mises is a clear, penetrating exposition of the economic calculation debate, and a scrutiny of some of the broader issues it raises.

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