“In the socialist commonwealth every economic change becomes an undertaking whose success can be neither appraised in advance nor later retrospectively determined. There is only groping in the dark. Socialism is the abolition of rational economy.”
Quote by Ludwig von Mises
Work
Economic Calculation In the Socialist Commonwealth
This book delves into the theoretical challenges of economic planning within a socialist society, examining the role of economic calculation and the potential limitations of socialist economic systems. more
Author
Ludwig von Mises
Ludwig von Mises was a prominent economist, philosopher, and social theorist born on September 29, 1881, in Austria, and passed away on October 10, 1973. He is considered one of the most influential economists of the 20th century and a leading advocate for free-market economics. more
You May Also Like
“I took my $100,000 and bought a new Corvette, a lot of cocaine, and spent the rest on foolishness.”
Source: I Lived to Tell It All
“When a man denies the power of women, he is denying his own subconscious.”
“I think we've got outstanding teaching in Michigan classrooms.”
“I love living in Michigan, which has been great for my kids and my family.”
“I love independent films, it's the only place as an actor you're totally allowed to breathe.”