Socialism

Social Democracy fails for the same reasons communism did. It just fails more slowly.

Marx said that what he wanted was to create a one-world state. And that was Lenin’s idea too.

2018 was the year when, yet again, the socialist model proved its inability to generate benefits for a population

Hard-left "democratic socialists" think they figured out how to make government planning possible: use prices. But there's a problem in their argument: prices are impossible without markets.

Vytas Žukauskas tells the story of Lithuania after the Soviet Union.

The marginalist revolution posed a fundamental problem for economic theory. Mises’s approach not only solved the problem of economizing resources in a division of labor, but provides a robust framework for economic research.

The endpoint of the existing system of party democracy, social welfare, and state capitalism is state bankruptcy, misery, and suppression.

Compiled by Edward W. Fuller Edited with an Introduction by David Gordon Are you a Murray Rothbard fan? Do you love his writing? His clarity and style? His razor-sharp economic analysis? His penchant for slaying sacred cows? One of the most...

This article discusses the changes in Austrian economics stimulated by the Second Socialist Calculation Debate and suggests a direction for future research.

Many still to this day will not admit that the devastation witnessed in Venezuela is a problem inherent to socialism.