Ludwig von Mises

This timely volume advocates pragmatic market socialism and offers a penetrating critique of the entire range of capitalist apologetics. As Yunker envisions it, market socialism would virtually duplicate the everyday economic functions of market capitalist economies, such as the United States', but with public ownership of large, established corporations, profits being distributed among the entire labor force. Pragmatic market socialism would be a means of enhancing economic justice and fairness without sacrificing the efficiency advantages of free enterprise and the market economy.

Throughout the history of social thought, there has been, a constant battle over the true nature of society, and the best way to understand and explain it. This volume covers the development of methodological individualism, including the individualist theory of society from Greek Antiquity to modern social science.

This text offers insight into the character of Austrian economics. It provides a collection of the recent works of leading authorities in this area.