Socialism
Presented at the University of Houston in 1972. [33:30] Ron Paul alludes to this speech in his book 'End the Fed': "Mises, at the time, was elderly but sharp. His subject was socialism, and his lecture explained why socialism always fails due to the absence of a free market pricing structure for capital goods... The lecture was held in a modest-sized classroom, but the place was overflowing. Popularizing Austrian economics at the time was in its very early stages, but it was obvious even then that there was a starvation for truth in economics." (pp. 51-52)
From: Ludwig von Mises Archives , Tuesday, April 24, 2012 by Ludwig von Mises
Available for download as Mp3 .
