First book in Austrian Economics book series

By: Mises.org
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The first volume of a new book series on Austrian economics edited by associated scholar Per Bylund and published by the British academic publisher Agenda Publishing is now available: associated scholar Mateusz Machaj‘s Capitalism, Socialism, and Private Property (2018).

In his book, Machaj extends Mises’ and Hayek’s arguments against socialism to prove once and for all that the “market socialism” solution to Mises’ calculation problem, formulated by Fred Taylor, Oskar Lange, and Abba Lerner, fails to provide the solution they promised. Market socialism, Machaj argues, cannot provide the same solution as market prices, and therefore fails to meet Mises’ challenge.

The book is available at Agenda Publishing’s web site. Faculty members and students are encouraged to order a copy for their university libraries.

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