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On the takeover mechanism in market socialism
In the three decades since the collapse of the Soviet Union, the notion of socialism has been swept into almost total disrepute. The more recent...
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Tibor Liska’s Entrepreneurial Socialism
There are interesting links to be drawn between Tibor Liska’s model of entrepreneurial socialism and Polanyi’s explorations of alternative economic...
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The Case Against Moderate Socialism
Socialism is particularly dangerous because it is never to blame for its failures. The old excuse of “it was never real socialism” is added to others...
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Socialism, Economic Calculation and Entrepreneurship
In his book Socialism, Economic Calculation and Entrepreneurship, Jesús Huerta de Soto reviews the different contributions of Ludwig von Mises and...
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Economic Contradictions of Socialism
This chapter deals with the internal contradictions of the socialist system. The first contradiction arises between the organisation of the socialist...
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Wrecks of Socialism
This chapter is devoted to finding out whether socialism, which can be described in Marxist economic terms, has completely disappeared, or whether...
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Mental footnotes in Socialism: the current social validity of the concept of bourgeoisie from the Marx’s and Engels’ “Manifesto of the communist party”
Aim: The main aim of the present study is to identify which mental footnotes (related to Marx’s and Engels’ Socialism) have more weight in the...
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Socialism Versus Capitalism: A.C. Pigou’s Social Philosophy
In this chapter, we will examine Pigou’s social philosophy, mainly through Socialism versus Capitalism (Pigou 1937). This is all the more intriguing...
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From African Socialism to Libertarianism
This autobiography describes my intellectual journey from African socialism to libertarianism, highlighting the friends and writers who have...
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Concordianism: Beyond Capitalism and Socialism
Concordianism is a new word signifying “men and women practicing Concordian economics.” Concordian economics tries to discover some of the...
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Development and Modernization Under Socialism and After: An Introduction
The German Democratic Republic (GDR) was the most developed economy under state socialism. After World War II, this system had been introduced in...
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Transformation of Socialist Countries. Market Socialism in China
This chapter examines China’s economic form, which was implemented after 1978. The similarities and differences between the views of the two leaders...
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Socialism with Chinese Characteristics
This chapter is devoted to an analysis of Chinese socialism and a discussion of its distinctive features. Here, an attempt is made to determine to...
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Capitalism, Socialism, and the Neoclassical Trap
The entire approach of neoclassical economics focuses on proving the existence, uniqueness, and stability of the general equilibrium system and its...
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The Rise and Fall of Socialism
The term “socialism” is relatively recent, appearing for the first time some 200 years ago in 1827 in the Co-operative Magazine in writings by some...
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Feasible Financial Innovation Under Market Socialism
Over the last 30 years centrally planned economies, also known as Soviet-type or socialist economies or as instances of realized socialism, have...
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Socialism on Earth
My understanding of an inaugural lecture is a cross between sermon and sales talk, an occasion for inflicting one’s research and world view on to a...
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The Establishment of the Theory of the Primary Stage of Socialism
Reform and opening up has brought out tremendous changes to China. Since the Third Plenum of the 11th CPC Central Committee, held in late 1978,...
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From Growing Up Under Socialism to Becoming Libertarian
In this chapter the author tells his story of growing up in the Polish People’s Republic and then rediscovering this experience as a source of his...
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Theoretical Socialism or the First Phase of Communism
This chapter talks about what the principles of functioning of the new socialist system should be. K. Marx's approach to how the total or general...