Mises Wire
Author:
Bas Spliet
Online Publish Date:
Ludwig von Mises started arguing that a socialist economy is impossible. In the turbulent years following the 1917 Bolshevik coup in Russia, Vladimir Lenin feasibility of socialism, his argument, first set forward in his 1920 article “ Economic Calculation in the Socialist Commonwealth ,” was groundbreaking because it the means of production and from the use of money also takes us away from rational economics.” A few of these steps were being undertaken by the Bolsheviks in Russia as