front cover of The Fatal Conceit
The Fatal Conceit
The Errors of Socialism
F. A. Hayek
University of Chicago Press, 1988
Hayek gives the main arguments for the free-market case and presents his manifesto on the "errors of socialism." Hayek argues that socialism has, from its origins, been mistaken on factual, and even on logical, grounds and that its repeated failures in the many different practical applications of socialist ideas that this century has witnessed were the direct outcome of these errors. He labels as the "fatal conceit" the idea that "man is able to shape the world around him according to his wishes."

"The achievement of The Fatal Conceit is that it freshly shows why socialism must be refuted rather than merely dismissed—then refutes it again."—David R. Henderson, Fortune.

"Fascinating. . . . The energy and precision with which Mr. Hayek sweeps away his opposition is impressive."—Edward H. Crane, Wall Street Journal

F. A. Hayek is considered a pioneer in monetary theory, the preeminent proponent of the libertarian philosophy, and the ideological mentor of the Reagan and Thatcher "revolutions."
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Fear Your Future
How the Deck Is Stacked against Millennials and Why Socialism Would Make It Worse
Philip Klein
Templeton Press, 2019
It’s become fashionable to demean millennials as the “snowflake” generation. Raised during the peace and prosperity of the ‘90s, they’re often perceived as carrying an entitlement mentality and being incapable of handling adversity. But Philip Klein sees them differently. Given the economic headwinds they faced at the start of their working lives, millennials have shown commendable fortitude.  And as Klein argues, they will need to maintain this character strength going forward because further challenges loom in their future.  

The aftershocks of the Great Recession, the skyrocketing cost of living, and the titanic weight of student loan debt have made the American Dream seem to be forever retreating toward the horizon. As if that weren’t enough, millennials will face the largest federal debt in history as boomers retire and extract trillions of dollars from Social Security and Medicare—far more than they contributed.  

In this concise, data-driven book, Klein begins the work of brightening the future for millennials by analyzing the problem compassionately yet objectively. There are real reasons to worry about what lies ahead if nothing changes. But the facts laid out in Klein’s book can steer the conversation to realistic solutions.



 
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Free-Market Socialists
European Émigrés Who Made Capitalist Culture in America, 1918–1968
Joseph Malherek
Central European University Press, 2022

The Hungarian artist-designer László Moholy-Nagy, the Austrian sociologist Paul Lazarsfeld, and his fellow Viennese Victor Gruen—an architect and urban planner—made careers in different fields. Yet they shared common socialist politics, Jewish backgrounds, and experience as refugees from the Nazis. This book tells the story of their intellectual migration from Central Europe to the United States, beginning with the collapse of the Habsburg Empire, and moving through the heady years of newly independent social-democratic republics before the descent into fascism. It follows their experience of exile and adaptation in a new country, and culminates with a surprising outcome of socialist thinking: the opening of the first fully enclosed, air-conditioned suburban shopping center in the United States. Although the American culture they encountered ostensibly celebrated entrepreneurial individualism and capitalistic “free enterprise,” Moholy-Nagy, Lazarsfeld, and Gruen arrived at a time of the progressive economic reforms of the New Deal and an extraordinary open-mindedness about social democracy. This period of unprecedented economic experimentation nurtured a business climate that, for the most part, did not stifle the émigrés’ socialist idealism but rather channeled it as the source of creative solutions to the practical problems of industrial design, urban planning, and consumer behavior.

Based on a vast array of original sources, Malherek interweaves the biographies of these three remarkable personalities and those of their wives, colleagues, and friends with whom they collaborated on innovative projects that would shape the material environment and consumer culture of their adopted home. The result is a narrative of immigration and adaptation that challenges the crude binary of capitalism and socialism with a story of creative economic hybridization.

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front cover of From Socialism to Capitalism
From Socialism to Capitalism
Eight Essays
Janos Kornai
Central European University Press, 2008

Eight essays connected by various common strands. The most important one is the community of the main subject-matter: socialism, capitalism, democracy, change of system. These four expressions cover four phenomena of great and comprehensive importance. Each piece in the book deals with these and the connections between them.

One of the Leitmotifs is the “capitalism/socialism” pair of opposites. Capitalism has a history of several hundred years, while the socialist regime existed only for a few decades. But this pair of opposites was central to the history of the twentieth century. This antagonism put its stamp on political thinking, on the foreign policy and military preparedness of every country, and on some appallingly destructive armed conflicts. All these had great secondary influence on each country’s economic development and the standard of living and disposition of its inhabitants.

None of the studies is confined to one country—not to Hungary or to any other. Each tries to embrace the problems common to greater units. However, the greater unit comprehended is not the same in each study. One may deal with the capitalist or socialist system in general, another will all the post-socialist countries, and a third the Central East European region. But all extend the analysis beyond the borders of one country.

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A Future for Marxism?
Althusser, the Analytical Turn and the Revival of Socialist Theory
Andrew Levine
Pluto Press, 2003
Not long ago, Marxist philosophy flourished. Yet in recent years theorists have turned away from Marxism. This book aims to revive Marxist theory, and show how it offers a rich foundation for radical socialist thinking in the forseeable future.

To do this, Andrew Levine examines two recent departures in Marxist thought -- Althusserian and Analytical Marxism. The former is currently defunct; the latter, very nearly so. He assesses the shortcomings of each, while emphasising their considerable, and still timely, merits. The discussion is framed against an analysis of socialism's place in the political life of the past two centuries. Levine assesses the apparent historical defeat of the Left generally since the consolidation of the Reagan-Thatcher era and speculates on current signs of renewal.

He argues that both Althusserian and analytical Marxism represent new and deeply important philosophical departures within the Marxist tradition as they force a rethinking of Marxism's scientific and political project. For all their differences in style and substance, these strains of Marxist thought share important thematic and sociological features and Levine concludes that both traditions provide a legacy upon which a revived Left can build.
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