Calculation and Knowledge
Chapter 7. The Ethical Justification of Capitalism and Why Socialism Is Morally Indefensible
Pages 151–172 in the text.
Chapter 8. The Socio-Psychological Foundations of Socialism or The Theory of The State
Pages 173–198 in the text.
Even Socialists Know that Economic Planning Requires Market Prices
Hard-left "democratic socialists" think they figured out how to make government planning possible: use prices. But there's a problem in their argument: prices are impossible without markets.