Quotes · Quote card
Quotation from Economic Calculation in the Socialist Commonwealth by Ludwig von Mises
“Socialism is the abolition of rational economy.”
Economic Calculation in the Socialist Commonwealth, Section 2, closing sentence, trans. S. Adler (1935)
Mises's summary conclusion that without money prices for the means of production, socialist planning cannot be rational.
Citation: "Socialism is the abolition of rational economy." — Ludwig von Mises, Economic Calculation in the Socialist Commonwealth, Section 2, closing sentence, trans. S. Adler (1935). (id mises-economic-calculation-in-the-socialist-commonwealth-q1)
