The article discusses Ludwig von Mises’s arguments against socialist theory and practice. Iin 1920s Mises offered a classical demonstration that socialism was completely impossible. Firstly, it could not exist because it lacked economic calculation. This kind of a calculation is absent under socialism whilst the only possible source of the calculation is free market. On the one hand, this argument is based upon the main theories of the so-called «Austrian economic school». On the other hand, it is still valuable and convincing today. The conclusion affi rms limited rationality of social action.
|Título traduzido da contribuição||Ludwig von Mises and the Problem of Socialism’s Rationality|
|Número de páginas||9|
|Revista||Известия Уральского федерального университета. Серия 3: Общественные науки|
|Número de emissão||13(1)|
|Estado da publicação||Published - 2018|
Level of Research Output
- VAK List