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Dr. Hoff's 1938 book and Professor Vaughn's important introduction establish the theoretical impossibility of socialism: a system empirically in ruins but still advocated by many.

“The purpose of this book is to investigate the possibilities of economic calculation in socialist societies.
Such an investigation is of practical value in a period when the trend in most countries is towards planning and socialism.”

Trygve J. B. Hoff

Trygve J. B. Hoff (1895 – 1982) was a Norwegian businessman, writer and editor of the Farmand business magazine.

Hoff is most well known for his role as editor of the Farmand in Norway until his death. During the German occupation of Norway 1940-1945, Hoff was put in jail by the Germans for his political views.

Trygve Hoff was a founding member of the Mont Pelerin Society. As author, he contributed to the economic calculation debate, starting with his 1938 book Economic Calculation in the Socialist Society.