LUDWIG VON MISES, PLANNING FOR FREEDOM, THE PUBLISHING HOUSE OF THE “ALEXANDRU IOAN CUZA” UNIVERSITY OF IASI, 2012

Liviu-George Maha

Review of Economic and Business Studies, 2012, issue 9, 219-224

Abstract: Ludwig von Mises, the foremost representative of the Austrian School of Economics, promotes its ideas in the second half of the 20th century, his main contributions to the economic theory cover aspects concerning the currency, the quantitative theory of money, the trade theory, the private property and the impossibility of economic calculus in socialism. In his opinion, a centralized economy does not permit the efficient allocation of resources and the rational calculus of costs, planning distorting social cooperation, mechanism of establishing prices on the market and the division of labor.

Keywords: Austrian; School; of; Economics (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:aic:revebs:y:2012:i:9:mahal

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