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Socialism books
Capitalism, Socialism and Democracy Joseph Schumpeter's 1942 classic describing creative destruction and predicting that capitalism's success would erode its own support. Darkness at Noon Arthur Koestler's 1940 novel of an Old Bolshevik who is imprisoned and made to confess, an inside view of the Moscow show trials. Human Action Ludwig von Mises's 1949 treatise founding economics on the logic of purposeful action, with a rigorous argument that socialism cannot calculate. Radical Son David Horowitz's 1997 memoir of his path from red-diaper childhood and the New Left to conservatism, and the lessons he drew. The Fatal Conceit Hayek's last book, arguing that socialism rests on the illusion that reason can design an order better than traditions and markets that evolved. The Gulag Archipelago Aleksandr Solzhenitsyn's account of the Soviet forced-labor camps, compiled from testimony, which exposed communist terror to the world. The Road to Serfdom F. A. Hayek's 1944 warning that economic planning leads, step by step, to the loss of political and personal freedom. Witness Whittaker Chambers's 1952 memoir of his communist underground work, his break with the party, and the Alger Hiss case, a landmark of American conservatism.