The Theory of Socialism and Capitalism

In this book, Hoppe presents a detailed analysis of socialism and capitalism, arguing that socialism is inherently flawed due to its inability to solve the problem of economic calculation and its disregard for private property rights.

He defends capitalism as the only viable economic system that respects individual rights and promotes efficient resource allocation.

The book is grounded in the principles of praxeology and the Austrian School of economics, emphasizing the importance of property rights, scarcity, and human action in understanding economic and social phenomena.