Tue, 4 February 2020
In 1920 Ludwig von Mises published "Economic Calculation in the Socialist Commonwealth," an article that demolished the foundations of socialism in its original, no-private-property-in-the-means-of-production form. In this episode I explain Mises' thesis, and then show how the problems he identified in classical socialism persist to some extent under any state of any kind.
Direct download: woods_2020_02_04.mp3
Category:general -- posted at: 6:25pm EDT