In 1962 F.A. Hayek left Chicago for the University of Freiburg im Breisgau in West Germany. He remained there until his retirement in 1968, when he accepted an honorary professorship at the University of Salzburg in Austria. In 1974 Hayek was awarded the Nobel Prize for Economics, which, ironically, he shared with Gunnar Myrdal, whose political and economic views were often opposed to his.

• Foreword. Preface. Chapters: 1. Marxism and the Problem of Socialist Economics. 2. Socialism and the Economic Principle. 3. The Calculation of Labour Value in the Socialist Society. 4. Labour Costs and the Market Price. 5. The Unitary Plan of the Socialist Economy. 6. The Problem of Distribution Under Socialism. 7. Economic Freedom and Socialism. 8. The Subjective Factors of the Socialist Economic System. 9. Socialism and Agriculture. 10. Conculsion.

In 1962 F.A. Hayek left Chicago for the University of Freiburg im Breisgau in West Germany. He remained there until his retirement in 1968, when he accepted an honorary professorship at the University of Salzburg in Austria. In 1974 Hayek was awarded the Nobel Prize for Economics, which, ironically, he shared with Gunnar Myrdal, whose political and economic views were often opposed to his.

• Foreword. Preface. Chapters: 1. Marxism and the Problem of Socialist Economics. 2. Socialism and the Economic Principle. 3. The Calculation of Labour Value in the Socialist Society. 4. Labour Costs and the Market Price. 5. The Unitary Plan of the Socialist Economy. 6. The Problem of Distribution Under Socialism. 7. Economic Freedom and Socialism. 8. The Subjective Factors of the Socialist Economic System. 9. Socialism and Agriculture. 10. Conculsion.