1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

The Ludwig von Mises Institute

Advancing Austrian Economics, Liberty, and Peace

Advancing the scholarship of liberty in the tradition of the Austrian School

Search Mises.org

Economic Calculation In The Socialist Commonwealth

By Ludwig von Mises

(translated from the German by S. Adler)

Download the monograph (2012 Edition) in PDF

Ludwig von Mises's seminal essay, originally published in 1920*, appears here in the 1990 edition published by the Ludwig von Mises Institute. Economic Calculation in the Socialist Commonwealth advances a devastating critique against economic calculation in a socialist economy, inspiring a decades-long debate. For more information, sources, and materials concerning the calculation debate, visit The Calculation Debate in the Austrian Study Guide.

Foreword By Yuri N. Maltsev (p. v)

Introduction to 1990 Edition By Jacek Kochanowicz

Introduction (p. 1)

  1. The Distribution of Consumption Goods in the Socialist Commonwealth (p. 3)
  2. The Nature of Economic Calculation (p. 10)
  3. Economic Calculation in the Socialist Commonwealth (p. 26)
  4. Responsibility and Initiative in Communal Concerns (p. 33)
  5. The Most Recent Socialist Doctrines and the Problem of Economic Calculation (p. 40)

Conclusion (p. 48)

Postscript by Joseph T. Salerno (p. 51)

Glossary by Percy Greaves

*[This article appeared originally under the title "Die Wirtschaftsrechnung im sozialistischen Gemeinwesen" in the Archiv für Sozialwissenschaften, vol. 47 (1920). The present translation was first published in F.A. Hayek, ed.,Collectivist Economic Planning (London: George Routledge & Sons, 1935; reprint, Clifton, N.J.: Augustus M. Kelley, 1975), pp. 87-130. Some annotations appear in this edition and they are set aside in brackets.]

Next Page