Socialism...must depend for its economic direction on some form of planning, and for its culture on some form of commitment to the idea of a morally conscious collectivity....
If tradition cannot, and the market system should not, underpin the socialist order, we are left with some form of command as the necessary means for securing its continuance and adaptation. Indeed, that is what planning means...
The factories and stores and farms and shops of a socialist socioeconomic formation must be coordinated...and this coordination must entail obedience to a central plan...
Es ehrt ihn, daß er 1989 im The New Yorker zugab, daß es ein Fehler war, Mises`s Vorraussagen von 1920 keinen Glauben zu schenken
"Capitalism has been as unmistakable a success as socialism has been a failure. Here is the part that’s hard to swallow. It has been the Friedmans, Hayeks, and von Miseses who have maintained that capitalism would flourish and that socialism would develop incurable ailments. All three have regarded capitalism as the ‘natural’ system of free men; all have maintained that left to its own devices capitalism would achieve material growth more successfully than any other system. From [my samplings] I draw the following discomforting generalization: The farther to the right one looks, the more prescient has been the historical foresight; the farther to the left, the less so"
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