By Hans-Hermann Hoppe
This is Hans Hoppe's first treatise in English - really his first booklet in English - and the one who placed him at the map as a social philosopher and economist to monitor. He argued that there are just attainable archetypes in financial affairs: socialism and capitalism. All platforms are mixtures of these kinds. The capitalist version he defines as natural defense of non-public estate, loose organization, and trade - no exceptions. All deviations from that excellent are species of socialism, with public possession and interference with alternate.
Within the constitution of socialism, he distinguishes the left and correct model. "Conservative" socialism favors excessive legislation, behavioral controls, protectionism, and nationalism. The "liberal" model has a tendency extra towards outright public possession and redistribution.
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Additional info for A Theory of Socialism and Capitalism
26 Last, but certainly not least, a policy of the socialization of the means of production affects the character structure of society, the importance of which can hardly be exaggerated. As has been pointed out repeatedly, adopting Russian-type socialism instead of capitalism based on the natural theory of property implies giving a relative advantage to nonusers, nonproducers, and noncontractors as regards property titles of the means of production and the income that can be derived from using of these means.
V. ), BRD-DDR. Die Wirtschaftssysteme, Muenchen, 1983; also K. Thalheim, Die wirtschaftliche Entwicklung der beiden Staaten in Deutschland, Opladen, 1978. An honest but naive empirically minded comparative study which illustrates that at best, economic statistics has very little to do with reality as perceived by acting persons is P. R. C. Stuart, Comparative Economic Systems, Boston, 1985, Chapter 13 (East and West Germany). For a valuable critique of economic statistics cf. O. Morgenstern, National Income Statistics: A Critique of Macroeconomic Aggregation, San Francisco, 1979.
Accordingly, as people want to improve their income and want to move into more highly evaluated positions in the hierarchy of caretakers, they increasingly have to use their political talents. It becomes irrelevant, or is at least of reduced importance, to be a more efficient producer or contractor in order to rise in the hierarchy of income recipients. , a person who through persuasion, demagoguery and intrigue, through promises, bribes, and threats, manages to assemble public support for his own position.
A Theory of Socialism and Capitalism by Hans-Hermann Hoppe