This introductory chapter will be devoted to an outline of the main features and new insights
which distinguish the analysis of socialism contained in this book. We shall briefly …

… Hayek against the socialists of the twentieth century. The forms of socialism have changed
… This book should not be understood only as an attack on socialism but also as a systematic …

… socialist economic calculation … entrepreneurship appeared as the protagonizing and creative
force of all social processes. The discovery that it was precisely our innate entrepreneurial …

… would lack the indispensable tool that private entrepreneurs use to appraise and calculate:
… to socialism by raising the problem of economic calculation, a problem of which socialists …

… is to eradicate the entrepreneur who makes the market work.And, since neither the
entrepreneur nor the market can be adequately simulated in a socialist economy based on public …

… , ie for any socialist economy. It is not sufficient that socialists would allow citizens to possess
… Such would be full socialism, resulting in massive destruction of entrepreneurial allocations …

… called ‘Austrian market socialism’, which incorporate entrepreneurship and a capital market
… identified in the evaluation of the socialist economic calculation debate. The system of partici…

… Specifically, the entrepreneurial nature of the adjustment process, the importance of
decentralized information and the role of incentives under vaying institutional settings. …

… Economic Calculation in the Socialist Commonwealth" advances a devastating critique
against economic calculation in a socialist economy, inspiring a decades-long debate. …

… the possibility of an effective socialist economy has come from the Austrian … socialism does
not mean that lumping their ideas together constitutes a cogent argument against socialism…