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Though he was generally a Ricardian, John Stuart Mill thought that the main obstacle to socialism is that people might not yet be civilized enough to put it into practice.
Taxes and SpendingInterventionism
An essential point in the social philosophy of interventionism is the existence of an inexhaustible fund which can be squeezed forever.
Claims that market arrangements involve the unethical “using” of others are of lengthy pedigree. But they are also of questionable merit.
Philosophy and MethodologyPraxeology
If you say to someone that he won’t get what he is aiming for by using the means he has chosen, you aren’t making a value judgment yourself. You are making a strictly scientific statement.
Matt Spivey continues the pioneering work of Paul Cantor and Stephen Cox in bringing sound economics to the analysis of literature.
InflationMoney and BanksOther Schools of Thought
No, “societal” value is not what you want or think is good, and “we” are not a homogenous entity of observable, aggregated preferences.
By abolishing private ownership for production goods, socialism abolishes the market for them, and makes it impossible for market prices to emerge and for costs of production to be computed
The brutal rejection of capitalism in favor of socialism by African politicians at independence was largely due to a deep-seated misconception that equates capitalism to colonialism.