A Theory of Socialism and Capitalism

Norwell, MA: Kluwer Academic Publishers. Very Good+ with No dust jacket as issued. 1989. First Edition; Second Printing. Hardcover. Very Good+: shows only a hint of sun-blanching to the tan background field of the front panel along the hinge; a small patch of soiling to the top edge of same; a hint of rubbing to the panels and a hint of consequent soiling; a touch of crimp to the heel of the backstrip; else flawless; the binding is square and secure; the text is clean. Free of any creased or dog-eared pages in the text. Free of any underlining, hi-lighting or marginalia or marks in the text. Free of any ownership names, dates, addresses, notations, inscriptions, stamps, plates, or labels. A handsome, nearly-new copy, structurally sound and tightly bound, showing minor, unobtrusive imperfections. Corners sharp. Close to "As New". NOT a Remainder, Book-Club, or Ex-Library. 8vo. (9.25 x 6.25 x 1 inches) . Language: English. Weight: 19.5 ounces. Ludwig von Mises Institute's Studies in Austrian Economics. Hardback: No DJ as issued. Hans-Hermann Hoppe (born in 1949) is a German-American academic associated with Austrian School economics, anarcho-capitalism, and right-wing libertarianism. He is professor emeritus of economics at the University of Nevada, Las Vegas (UNLV) , senior fellow of the Mises Institute think tank, and the founder and president of the Property and Freedom Society. Hoppe has written extensively in opposition to democracy, notably in his 2001 book Democracy: The God That Failed. The book favors exclusionary "covenant communities" that are "founded for the purpose of protecting family and kin". Hoppe was a protege of Murray Rothbard, a central figure in the 20th-century American libertarian movement, particularly its right-wing strands, and was a founder and leading theoretician of anarcho-capitalism. Hoppe's critique of socialism attacks it on both economic and ethical grounds. Some socialists advocate socialism on economic grounds by claiming that socialism will bring more prosperity. Other socialists admit that socialism does not lead to higher standards of living, but they still advocate socialism on ethical grounds because they believe it brings about a more just social order. Hoppe argues that socialism cannot be advocated on economic or ethical grounds. Socialism, which Hoppe defines as an institutionalized policy of property title redistribution, results in lower standards of living. Hoppe discusses the various types of socialism and the reasons why each form of socialism results in relative impoverishment. The problem common to all forms of socialism is reduced investment. The costs of investment and production rise, he argues, while the costs of consumption and leisure fall. Therefore, socialism results in less production and, consequently, less economic wealth. ; Large 8vo 9" - 10" tall; ix, 275 pages .