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Ludwig Von Mises, Planning For Freedom, The Publishing House Of The “Alexandru Ioan Cuza” University Of Iasi, 2012

Author

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  • Liviu-George MAHA

    (Faculty of Economics and Business Administration, “Alexandru Ioan Cuza” University of Iasi, Romania)

Abstract

Ludwig von Mises, the foremost representative of the Austrian School of Economics, promotes its ideas in the second half of the 20th century, his main contributions to the economic theory cover aspects concerning the currency, the quantitative theory of money, the trade theory, the private property and the impossibility of economic calculus in socialism. In his opinion, a centralized economy does not permit the efficient allocation of resources and the rational calculus of costs, planning distorting social cooperation, mechanism of establishing prices on the market and the division of labor.

Suggested Citation

  • Liviu-George MAHA, 2012. "Ludwig Von Mises, Planning For Freedom, The Publishing House Of The “Alexandru Ioan Cuza” University Of Iasi, 2012," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 9, pages 219-224, June.
    • Handle: RePEc:aic:revebs:y:2012:i:9:mahal
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    Keywords

    Austrian School of Economics;

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