Socialism has always possessed considerable moral appeal. Its advocates commonly appeal to equality of opportunity, social justice, fairness and the desire to prevent poverty and exploitation. Those are legitimate moral concerns. But there is an important distinction between socialism as an ethical aspiration and socialism as an economic system. There is also an important distinction between socialism and […]
The Problem with Socialism
The Problem with Socialism
09 Aug 2026 Leave a comment
by Jim Rose in applied price theory, Austrian economics, economic history, economics of information, entrepreneurship, history of economic thought, industrial organisation, law and economics, Marxist economics, property rights Tags: economics of socialism
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