Articles on Issue Theme

Jesus HUERTA DE SOTO
Universidad Rey Juan Carlos, Madrid
In my book that has been published by Edward Elgar in England and the United States, entitled Socialism, Economic Calculation and Entrepreneurship and which I hope will also soon be published translated into Romanian, I explain in theoretical terms what socialism is and why it is an intellectual error, a scientific impossibility. In my book I show why socialism collapsed, and why the socialism which still exists in the form of economic intervention in Western countries is the main source of the tensions and conflicts we experience. We live in a world which is essentially socialist, despite the fall of the Berlin Wall, and we continue to suffer the effects which, according to theory, are typical of state intervention in social life.
ŒCONOMICA no. 2/2011
Keywords: socialism, capitalism, interventionism, economic science
JEL: B53, P30, P47, P51
The Crisis of Socialism
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