Media Asset
Author:
Jörg Guido Hülsmann
Online Publish Date:
Mises’ socialist calculation argument reshaped the debate about socialism. It was not true that socialism could work and could use the same techniques as capitalism. The book Socialism had a decisive impact on Hayek and other rising economists. Mises made four main claims in his book Socialism. They were: 1) the promises of socialism are empty