"As readers will remember, Mises in his famous socialist calculation argument proved that a fully socialist economy would collapse into chaos. If this is right, how can ostensibly socialist economies such as Soviet Russia exist? In answer, Mises said that these economies weren’t fully socialist. They allowed scope for private enterprise, albeit of a limited sort. Mises’s point applies to the German form of socialism as well as the Russian."
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Academics from the United StatesAcademics from AustriaEconomists from the United StatesLudwig von MisesAustrian School economists
Original Language: English
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Sources
David Gordon, Yes, the Nazis Were Socialists, Mises Institute, October 2020
https://en.wikiquote.org/wiki/Ludwig_von_Mises
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Ludwig von Mises
1881 – 1973
österreichisch-amerikanischer Volkswirtschaftler
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