The Distribution of Income

Tags: Calculation and Knowledge, Political Theory, Value and Exchange

11/12/2026 Ludwig von Mises

Mises argues the problem of distribution is peculiar to socialism—under private ownership there is no distributing authority, only prices for factors of production. He then turns on the formula “from each according to his abilities, to each according to his needs,” which he judges illusory because no one ever attains complete satisfaction of all his needs.

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