This paper will be a book analysis on, “The Problem with Socialism” by Thomas DiLorenzo and the problems that arise with socialism. The author writes about the issues that socialism may bring into a country as well as examples and historical references of past socialist reforms that have occurred. The author is a professor of economics at Loyola University and he is also a member of the senior faculty of the Mises Institute. The reason why he wrote this book is to bring the consequences and the downfalls of socialism to attention for the public to understand. As the author had stated, “This book will serve as a primer on socialism (and capitalism) for some; a historical reminder for others; and a handy sourcebook on all the problems of socialism
