Why Socialism Fails the Power of Economic Calculation
Via Wikipedia
Summary
Ludwig von Mises’ Human Action establishes a rigorous logical defense of laissez-faire capitalism by rooting economic theory in "praxeology," the study of purposeful human behavior and subjective value.
The treatise argues that a free-market price system is the only viable tool for social cooperation and economic calculation, warning that government interventions inevitably lead to resource malinvestment and the erosion of personal liberty.
