Why Socialism Fails: From Mises's 1920 Article to Today

Why Socialism Fails: From Mises's 1920 Article to Today

From The Human Action Podcast by Mises Institute

May 19, 2026 · Episode 550

About this episode

Bob and Dr. Jonathan Newman discuss the Austrian case against socialism, using a Mises Academy course as a foundation.

Bob sits down with Dr. Jonathan Newman to discuss his Mises Academy course for homeschooling families based on Lessons for the Young Economist, using it as a starting point to walk through the full Austrian case against socialism. Related: The Mises Academy: Mises.org/HAP550a Dr. Newman's Course, Lessons for the Young Economist: Mises.org/HAP550b Bob's Lessons for the Young Economist: Mises.org/HAP550c Bob's Lessons for the Young Economist Teacher's Manual: Mises.org/HAP550d Dr. Newman's Article, "Star Trek Is Wrong: There Will Always Be Scarcity": Mises.org/HAP550e Celebrate Murray Rothbard's 100th birthday with a free copy of Anatomy of the State. Get yours at Mises.org/HAPodFree

People in this episode

Host: Bob

Guest: Dr. Jonathan Newman

Topics covered

  • socialism
  • Austrian economics
  • homeschooling
  • Mises Academy
  • economic theory

Keywords

  • socialism
  • Austrian economics
  • homeschooling
  • Mises Academy
  • economic theory
  • scarcity
  • Murray Rothbard

Mentioned in this episode

Organizations: Mises Institute

Books & works: Lessons for the Young Economist, Anatomy of the State, Star Trek Is Wrong: There Will Always Be Scarcity

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