Socialism, Economic Calculation and Entrepreneurship

Adrián Ravier ()
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Adrián Ravier: ESEADE

A chapter in The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume II, 2023, pp 237-253 from Springer

Abstract: Abstract In his book Socialism, Economic Calculation and Entrepreneurship, Jesús Huerta de Soto reviews the different contributions of Ludwig von Mises and Friedrich Hayek against the socialists of the twentieth century. The forms of socialism have changed over time, but Mises’s central argument of 1920–1922 continues to attack the foundations of each proposal, while Hayek’s contribution with his theory of knowledge gives it the coup de grâce. This book should not be understood only as an attack on socialism but also as a systematic exposition of Austrian microeconomic theory, which contains many elements that can contribute to improving conventional microeconomics.

Keywords: Socialism; Economic calculation; Entrepreneurship; Types of knowledge; Disperse knowledge; Central planning (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-17418-6_21

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DOI: 10.1007/978-3-031-17418-6_21

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