By Hans-Hermann Hoppe
Here's Hans Hoppe's first treatise in English - really his first booklet in English - and the person who positioned him at the map as a social philosopher and economist to observe. He argued that there are just attainable archetypes in monetary affairs: socialism and capitalism. All platforms are mixtures of these kinds. The capitalist version he defines as natural safety of personal estate, unfastened organization, and alternate - no exceptions. All deviations from that excellent are species of socialism, with public possession and interference with exchange.
Within the constitution of socialism, he distinguishes the left and correct model. "Conservative" socialism favors excessive rules, behavioral controls, protectionism, and nationalism. The "liberal" model has a tendency extra towards outright public possession and redistribution.
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Extra info for A Theory of Socialism and Capitalism
For theoreticians of the German “soziale Marktwirtschaft” cf. W. Eucken, Grundsaetze der Wirtschaftspolitik , Hamburg, 1967; W. Roepke, A Humane Economy, Chicago, 1960; the same, Economics of a Free Society, Chicago, 1963. For a critique of the West German economic policy as insufficiently capitalist and ridden with inconsistencies which would lead to increasingly socialist interventions in the course of time cf. the prophetic observations by L. v. 723. 32 For comparative studies on the two Germanys cf.
But this is only half the picture of the social consequences of socialization. It can be completed by recalling the above findings regarding capitalism’s and socialism’s apparent differences. This will bring out the other side of the personality change caused by socializing, complementing the just mentioned loss in productive capacity. The fact must be recalled that socialism, too, must solve the problem of who is to control and coordinate various means of production. , a matter accomplished irrespective of considerations of previous user-ownership and the existence of contractual, mutually agreeable exchange, but rather by superimposing one person’s will upon that of another (disagreeing) one.
Also Chapters 9, 10 below. 44 A Theory of Socialism and Capitalism inability to sell the means of production, then, implies that the incentive to increase his private income at the expense of capital value is raised. ), his incentive will be raised to increase this output at the expense of capital. , the production of privately used, non- or black-marketed goods) he will be encouraged to increase this output at the expense of capital value to the extent that he sees his income dependent on such private production.
A Theory of Socialism and Capitalism by Hans-Hermann Hoppe