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VON MISES, Ludwig (1881–1973). Planned Chaos. Irvington–on–Hudson. NY: The Foundation for Economic Education, [1947]. 8vo. Original publisher’s green cloth lettered in black; original unclipped dust jacket (light toning overall, with small spot of skinning to spine panel, else fine). FIRST EDITION, of the economist’s epilogue to his work Socialism (1922). The title comes from Mises's description of the reality of central planning and socialism, whether of the national variety (Nazism) or the international variety (communism). Rather than create an orderly society, the attempt to a central plan has precisely the opposite effect. By short-circuiting the price mechanism and forcing people into economic lives contrary to their own choosing, central planning destroys the capital base and creates economic randomness that eventually ends in killing prosperity. INSCRIBED BY VON MISES TO PHILANTHROPIST AND BUSINESSMAN HARRY B. EARHART (1870–1954), on front free endpaper.