This groundbreaking work by economist Hans-Hermann Hoppe offers a compelling critique of both socialism and capitalism from a libertarian perspective. Hoppe argues that socialism suffers from an inherent lack of economic calculation, due to the absence of private property and markets. He also criticizes capitalism for its reliance on state power to enforce property rights, arguing that true freedom requires the abolition of the state altogether. This book is a stimulating challenge to conventional economic thinking, and offers a thought-provoking vision of the future of economic organization.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.