Collection of 7 essays in which the fathers of the Austrian school of economics, Ludwig von Mises and Friedrich Hayek, explain
how the transmission of knowledge works in the capitalist economic system, why competition is so important for this knowledge, and
how socialism becomes an economic-social system doomed to failure as soon as it renounces these qualities of capitalism.
7 Essays:
- Mises: Economic Calculus in the Socialist Commonwealth
- Mises: Economics and Knowledge
- Hayek: Use of Knowledge in Society
- Hayek: The Meaning of Competition
- Mises: The Principle of Methodological Individualism
- Mises: Methodological Individualism
- Hayek: Competition as a Process of Discovery