Socialism: An Economic and Sociological Analysis

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“This book must rank as the most devastating analysis of socialism yet penned… . An economic classic in our time.” (Henry Hazlitt). 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 (not available onliine for copyright reasons) 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.”

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Socialism: An Economic and Sociological Analysis, trans. J. Kahane, Foreword by F.A. Hayek (Indianapolis: Liberty Fund, 1981).

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The copyright to this edition, in both print and electronic forms, is held by Liberty Fund, Inc.

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This material is provided on this disk to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit.

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