"Socialism: An Economic and Sociological Analysis"

"Socialism: An Economic and Sociological Analysis" by Ludwig von Mises critically examines socialism as an economic system. It argues that socialism's goal of social ownership and centralized planning faces fundamental challenges because it neglects individual motivation and the importance of market prices for efficient resource allocation. Mises contends that without private property and free markets, economic calculation becomes impossible, leading to inefficiency and potential shortages. The book combines economic theory with sociological insights to show that socialism's ideals often conflict with practical realities, ultimately making it an unsustainable system from both economic and social perspectives.