By Hans-Hermann Hoppe

ISBN-10: 1933550732

ISBN-13: 9781933550732

This is Hans Hoppe's first treatise in English - really his first publication in English - and the person who placed him at the map as a social philosopher and economist to observe. He argued that there are just attainable archetypes in monetary affairs: socialism and capitalism. All structures are mixtures of these kinds. The capitalist version he defines as natural safeguard of non-public estate, unfastened organization, and alternate - no exceptions. All deviations from that perfect are species of socialism, with public possession and interference with exchange.

Within the constitution of socialism, he distinguishes the left and correct model. "Conservative" socialism favors excessive legislation, behavioral controls, protectionism, and nationalism. The "liberal" model has a tendency extra towards outright public possession and redistribution.

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Extra info for A Theory of Socialism and Capitalism

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I went on to point out that the theoretically foreseen consequences of relative impoverishment proved to be so powerful that in fact a policy of socializing the means of production could never actually be carried through to its logical end the socialization of all production factors, without causing an immediate economic disaster. Indeed, sooner or later all actual realizations of Marxist socialism have had to reintroduce elements of private ownership in the means of production in order to overcome or prevent manifest bankruptcy.

40 On the social-democratic position regarding the North-South conflict cf. NorthSouth: A Programme for Survival, Independent Commission on International Development Issues (Chair: W. Brandt), 1980. Hans-Hermann Hoppe 61 police and courts. In principle, everyone has the right to privately appropriate and own means of production, to sell, buy, or newly produce them, to give them away as a present, or to rent them out to someone else under a contractual arrangement. But secondly, no owner of means of production rightfully owns all of the income that can be derived from the usage of his means of production and no owner is left to decide how much of the total income from production to allocate to consumption and investment.

40 On the social-democratic position regarding the North-South conflict cf. NorthSouth: A Programme for Survival, Independent Commission on International Development Issues (Chair: W. Brandt), 1980. Hans-Hermann Hoppe 61 police and courts. In principle, everyone has the right to privately appropriate and own means of production, to sell, buy, or newly produce them, to give them away as a present, or to rent them out to someone else under a contractual arrangement. But secondly, no owner of means of production rightfully owns all of the income that can be derived from the usage of his means of production and no owner is left to decide how much of the total income from production to allocate to consumption and investment.

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A Theory of Socialism and Capitalism by Hans-Hermann Hoppe


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