Why is it impossible for anyone to develop a comprehensive plan of production as a whole? This article explains, applying the conclusion to the experience of the Soviet Union.
Even on its own terms, the General Theory must be considered a failure, for the problem it purports to solve, involuntary unemployment, does not exist.
The slave is a slave because his body is owned by someone else, and that owner is not the rightful owner. Slavery is theft, and theft is also slavery. Slavery exists wherever theft exists, and socialism is theft writ large.
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
