A Theory of Socialism and Capitalism (LvMI)

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A Theory of Socialism and Capitalism (LvMI)

Here is Hans Hoppe's first treatise in English â€” actually his first book in English â€” and the one that put him on the map as a social thinker and economist to watch. He argued that there are only two possible archetypes in economic affairs: socialism and capitalism. All systems are combinations of those two types. The capitalist model he defines as pure protection of private property, free association, and exchange â€” no exceptions. All deviations from that ideal are species of socialism, with public ownership and interference with trade.

Within the structure of socialism, he distinguishes between left and right versions. "Conservative" socialism favors high regulation, behavioral controls, protectionism, and nationalism. The "liberal" version tends more toward outright public ownership and redistribution.

The consequences of socialism vary based on their degree and kind, but they have similarities: high costs, resource waste, low growth.

This treatise has long been out of print, but is now available again for use in comparative-systems classes and for an orientation to the theory of economic systems. The theoretical apparatus is Rothbardian to the core, and its main contribution is to provide an organizing principle for understanding the structure of real-world economies as measured against pure types.

A tour de force.

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Country	USA
Author	Hans-Hermann Hoppe
Binding	Kindle Edition
Format	Kindle eBook
Label	Ludwig von Mises Institute
Manufacturer	Ludwig von Mises Institute
NumberOfPages	290
PublicationDate	2011-03-28
Publisher	Ludwig von Mises Institute
ReleaseDate	2011-03-28
Studio	Ludwig von Mises Institute

A Theory of Socialism and Capitalism (LvMI)

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