Economic Calculation in the Socialist Commonwealth is a long article by the Austrian economist Ludwig von Mises, published in German in 1920 in the Archiv für Sozialwissenschaft und Sozialpolitik. It argues that a fully socialist economy, in which the state owns all the means of production, cannot calculate rationally, and it began one of the most important controversies in twentieth-century economics.
Author
Ludwig von Mises
· Austrian economist, leading figure of the Austrian school
Short biography: Ludwig von Mises in Great Lives
On this site
Socialism: An Economic and Sociological Analysis is Ludwig von Mises's comprehensive critique of socialist thought, published in German in 1922 as Die Gemeinwirtschaft and revised in 1932. J. Kahane's English translation appeared in London in 1936; Yale University Press reissued it in 1951 with an epilogue, and the Liberty Fund edition of 1981 added a foreword by F. A. Hayek.
Liberalism is Ludwig von Mises's short statement of the classical liberal program, published in German as Liberalismus in 1927. Ralph Raico translated it into English in 1962 under the title The Free and Prosperous Commonwealth; later editions restored the title Liberalism, adding the subtitle In the Classical Tradition.
Bureaucracy is a short book by Ludwig von Mises, published by Yale University Press in 1944, four years after he arrived in the United States. Written in English for American readers, it examines the difference between the way businesses and government agencies are managed, at a time when the New Deal and wartime controls had greatly expanded the federal administration.
Human Action is Ludwig von Mises's comprehensive treatise on economics, published by Yale University Press in 1949. It is an expanded English reworking of his German treatise Nationalökonomie, which had appeared in Geneva in 1940 with little notice because of the war.