EPISODE 2558

Ep. 408 The Main Reason Socialism Can’t Work

Subscribe on your favorite platform:

Don’t pay another cent for a book until you’ve read Tom’s free eBooks on the most controversial issues of our time. Over a dozen await!

Want to write that book, but the obstacles seem insurmountable? I can help.

The history and economics
they kept from you.

A Simple
Online Business

In this 30-minute crash course I’ll walk you through the simplest online business model there is. But don’t knock it: that deceptively simple model can take you very far.

Join Tom Woods and his very special guests in his first public return to the sea in six years…for the Tom Woods Cruise!

Check out Tom’s 13 published books for suppressed history, economics, and more.

Tom and Matt Machaj discuss the fundamental reason socialism must lead to economic chaos.

About the Guest

Mateusz Machaj is assistant professor at the Institute of Economics of the University of Wroclaw, and founder and chief economist of the Polish Ludwig von Mises Institute.

Articles Discussed

“Economic Calculation in the Socialist Commonwealth,” by Ludwig von Mises
“Market Socialism and the Property Problem: Different Perspective on the Socialist Calculation Debate,” by Mateusz Machaj
“Ludwig von Mises as a Social Rationalist,” by Joseph T. Salerno

Book Mentioned

Bureaucracy, by Ludwig von Mises

Guest’s Website

Mises Intstitute in Poland

Related Episodes

Ep. 407 Marxism and Its Fallacies (David Gordon)
Ep. 399 Lenin and the Russian Revolution: Institutionalized Insanity
Ep. 96 World-Destroying Fallacies (Bob Murphy)
Ep. 91 No, Marx Was Wrong (Peter Klein)
Ep. 90 Was Marx Right? (Peter Klein)

Episode Mentioned

Ep. 237 Why Are We So Rich? (Deirdre McCloskey)

Previous Appearances

Ep. 251 The Transition from Communism: The Case of Poland
Ep. 247 Could the ‘Taylor Rule’ Have Prevented the Housing Bubble?

Special Offers

If you enjoy the Tom Woods Show, my new book — Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion — is for you. Check it out! And get a free copy of the audiobook version, with me reading it, at TomWoodsAudio.com.

We now have 12 courses at LibertyClassroom.com! Learn the history and economics they didn’t teach you, from professors you can trust and in courses you can listen to anywhere. Take 30% off a year’s subscription with coupon code SHOW (all caps).