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
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?
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