Hoppe argues that there are only two possible archetypes in economic affairs: socialism and capitalism. All systems are combinations of those two types. The capitalist model he defines as pure protection of private property, free association, and exchange – no exceptions. All deviations from that ideal are species of socialism, with public ownership and interference with trade. Within the structure of socialism, he distinguishes the left and right version. “Conservative” socialism favors high regulation, behavioral controls, protectionism, and nationalism.
© 2010 by the Ludwig von Mises Institute and published under the Creative Commons Attribution License 3.0.
Chapter 1: Introduction
Chapter 2: Property, Contract, Aggression, Capitalism, Socialism
Chapter 3: Socialism Russian Style
Chapter 4: Socialism Social-democratic Style
Chapter 5: The Socialism of Conservatism
Chapter 6: The Socialism of Social Engineering
Chapter 7: The Ethical Justification of Capitalism and Why Socialism Is Morally Indefensible
Chapter 8: The Socio-psychological Foundations of Socialism or The Theory of The State
Chapter 9: Capitalist Production and The Problem of Monopoly
Chapter 10: Capitalist Production and The Problem of Public Goods