Human Action Part Five with Ryan McMaken

<p>Ryan McMaken, an economist and editor of Mises.org, joins the show to consider Part Five of Human Action: "Social Cooperation without a Market." This section of the book provides Mises's updated exposition of socialism, the impossible project of substituting 'One Will' for the subjective actions and preferences of everyone in society. Mises gives us the history behind support for socialism, and the enduring appeal of ascribing the best intentions and omniscience to the central state.</p> <p>Can a socialist system really operate using the division of labor? Can mathematical equations lead us to equilibrium, the final and...