First Edition of Ludwig Mises' Planned Chaos
VON MISES, Ludwig.
Item Number: 34658
Irvington-On-Hudson, New York: The Foundation For Economic Education, 1947.
First edition of the economist’s epilogue to his work Socialism. Octavo, original green cloth. In near fine condition.
The title comes from Mises's description of the reality of central planning and socialism, whether of the national variety (Nazism) or the international variety (communism). Rather than create an orderly society, the attempt to central plan has precisely the opposite effect. By short-circuiting the price mechanism and forcing people into economic lives contrary to their own chosing, central planning destroys the capital base and creates economic randomness that eventually ends in killing prosperity.