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 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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