THE SOCIALIST-ORIENTED MARKET ECONOMY IN VIETNAM
... to enjoy the fruits reaped from this process. Acknowledging private ownership rights means that a person can only receive goods, assets from others via exchange and sales contracts, but not from appropriation. Private ownership in a market economy is in contrast with economic relations based on pers ...
... to enjoy the fruits reaped from this process. Acknowledging private ownership rights means that a person can only receive goods, assets from others via exchange and sales contracts, but not from appropriation. Private ownership in a market economy is in contrast with economic relations based on pers ...
What Economic Structure for Socialism?
... market economy are unfounded, there is an even more serious problem with the market socialist case. That case assumes that market forces are a neutral institution, which can be harnessed by any social system. It is true that markets are not equivalent to capitalism. As Marx defined it, capitalism is ...
... market economy are unfounded, there is an even more serious problem with the market socialist case. That case assumes that market forces are a neutral institution, which can be harnessed by any social system. It is true that markets are not equivalent to capitalism. As Marx defined it, capitalism is ...
Emerging Varieties of Capitalism in Transition Countries: Literature
... © 2015 Dariusz Leszczyński. This is an open access article distributed under the Creative Commons Attribution-NonCommercial-NoDerivs ...
... © 2015 Dariusz Leszczyński. This is an open access article distributed under the Creative Commons Attribution-NonCommercial-NoDerivs ...
Emerging Varieties of Capitalism in Transition Countries
... Dariusz Leszczyński Emerging Varieties of Capitalism in ...
... Dariusz Leszczyński Emerging Varieties of Capitalism in ...
Globalization: One world, Two versions
... commodities. A third component of the information age is the rise of the value of information as an end commodity, in and of itself. The output of those empowered workers is more likely to be an intangible – such as ideas, services, music, literature, etc. – rather than a physical good. In this sens ...
... commodities. A third component of the information age is the rise of the value of information as an end commodity, in and of itself. The output of those empowered workers is more likely to be an intangible – such as ideas, services, music, literature, etc. – rather than a physical good. In this sens ...
How capitalists learned to stop worrying and love the crisis
... importantly, it means that capitalist performance should be gauged not in absolute terms of ‘real’ consumption and production, but in financial-pecuniary terms of relative income and asset shares. And as we move from the materialist realm of hedonic pleasure to the differential process of conflict a ...
... importantly, it means that capitalist performance should be gauged not in absolute terms of ‘real’ consumption and production, but in financial-pecuniary terms of relative income and asset shares. And as we move from the materialist realm of hedonic pleasure to the differential process of conflict a ...
John Milios
... claim simply that ‘there is exploitation’, but rather explains why this capitalist exploitation attains its specific form, a commodity and money economy. Marx comprehends profit neither as a ‘deduction’ nor does he allow for a theory of ‘pure economics’. Profit is the aim and the regulating principl ...
... claim simply that ‘there is exploitation’, but rather explains why this capitalist exploitation attains its specific form, a commodity and money economy. Marx comprehends profit neither as a ‘deduction’ nor does he allow for a theory of ‘pure economics’. Profit is the aim and the regulating principl ...
SUMMARY OF CAPITALISM FREEDOM
... being how to resolve conflicts amongst freedoms of different individuals. This is because in a liberal society individual freedoms and rights are highly regarded and respected. In an economic setting the problem in declaring government activities arises when conflicts between freedom to combine and ...
... being how to resolve conflicts amongst freedoms of different individuals. This is because in a liberal society individual freedoms and rights are highly regarded and respected. In an economic setting the problem in declaring government activities arises when conflicts between freedom to combine and ...
Ten Years After `The Road to a Free Economy`
... voucher scheme, whereby the property rights in state-owned companies to be privatized are distributed free and equally among the country’s citizens. This approach may be linked with toleration or even encouragement for takeovers by managers. In many cases this turns out to be a pseudo management buy ...
... voucher scheme, whereby the property rights in state-owned companies to be privatized are distributed free and equally among the country’s citizens. This approach may be linked with toleration or even encouragement for takeovers by managers. In many cases this turns out to be a pseudo management buy ...
the islamic economic perspectives
... economic activities that will meet and promote the economic well being of the society in general. In market economy, however, private hands replace the power of the government in determining, what, how and for whom to produce. This means market mechanism (price) supported by the forces of demand and ...
... economic activities that will meet and promote the economic well being of the society in general. In market economy, however, private hands replace the power of the government in determining, what, how and for whom to produce. This means market mechanism (price) supported by the forces of demand and ...
IOSR Journal Of Humanities And Social Science (IOSR-JHSS)
... Africa in this period of information dominance is already losing its cultural dominance and identity to western cultural influence. Postmodernism is gradually dispelling the art, language, custom and the mode of dressing in African societies. There is a fresh wave of ever more novel seeming goods fr ...
... Africa in this period of information dominance is already losing its cultural dominance and identity to western cultural influence. Postmodernism is gradually dispelling the art, language, custom and the mode of dressing in African societies. There is a fresh wave of ever more novel seeming goods fr ...
1060 dependency And World
... world regions. Certainly, the transnational corporations of the present are much more important players, but the point is that ‘‘foreign investment’’ is not an institution that only became important since 1970 (nor since World War II). Arrighi (1994) has shown that finance ...
... world regions. Certainly, the transnational corporations of the present are much more important players, but the point is that ‘‘foreign investment’’ is not an institution that only became important since 1970 (nor since World War II). Arrighi (1994) has shown that finance ...
167KB
... change from a socialist system to a capitalist one, but both speakers emphasize the historical sequence of the process, which started in the 1980's, continued through the downfall of the old communist regimes in 1989-91, and now arrive at the latest stage beginning in 1993-94. Both of the speakers c ...
... change from a socialist system to a capitalist one, but both speakers emphasize the historical sequence of the process, which started in the 1980's, continued through the downfall of the old communist regimes in 1989-91, and now arrive at the latest stage beginning in 1993-94. Both of the speakers c ...
Responding to Classical Liberalism - wchs ss30-1
... Radical form of socialism that believed in the eradication of classical liberal ideas such as capitalism. Views capitalism as incapable of reform. A confrontation between the proletariat (workers) and the bourgeoisie (owners) was inevitable and would lead to the restructuring of society in the inter ...
... Radical form of socialism that believed in the eradication of classical liberal ideas such as capitalism. Views capitalism as incapable of reform. A confrontation between the proletariat (workers) and the bourgeoisie (owners) was inevitable and would lead to the restructuring of society in the inter ...
The `Marginal Revolution` in Economics against the Labour Theory
... no unemployment, and full equilibrium prevails. Hence, any reallocation of resources by governments will break the ‘equilibrium’, for, according to Pareto’s optimality criterion, you cannot make one better off without making another worse off. Thus, governments need not bother about futile economic ...
... no unemployment, and full equilibrium prevails. Hence, any reallocation of resources by governments will break the ‘equilibrium’, for, according to Pareto’s optimality criterion, you cannot make one better off without making another worse off. Thus, governments need not bother about futile economic ...
Comparative Economic Systems: A Brief Review
... Having perfect markets leads to efficiency and economic welfare, but the institution of interest hampers potential investment by arbitrarily making capital scarce. It encourages concentration of wealth and creates a barrier in the way of use of funds in productive enterprise. Positive economics says ...
... Having perfect markets leads to efficiency and economic welfare, but the institution of interest hampers potential investment by arbitrarily making capital scarce. It encourages concentration of wealth and creates a barrier in the way of use of funds in productive enterprise. Positive economics says ...
Property-Owning Democracy or Economic Democracy?
... adult populations. But these shares can be neither purchased nor sold. They can only be traded for other shares. The value of a share will deviate over time from its initial value, depending on how well the company is doing, so individual portfolios will, over time, shift in value. Those doing bette ...
... adult populations. But these shares can be neither purchased nor sold. They can only be traded for other shares. The value of a share will deviate over time from its initial value, depending on how well the company is doing, so individual portfolios will, over time, shift in value. Those doing bette ...
The Return of the Gilded Age: Consequences
... economic or class inequality and I ignore other important sources of inequality based on race, gender and aboriginal status. The major focus has been the increased concentration of income and wealth in the hands of a small elite. On the eve of the most recent Davos summit of the global super rich, O ...
... economic or class inequality and I ignore other important sources of inequality based on race, gender and aboriginal status. The major focus has been the increased concentration of income and wealth in the hands of a small elite. On the eve of the most recent Davos summit of the global super rich, O ...
Capitalism and Commerce: Conceptual Foundations of Free
... This is the aim of Edward Younkins’ book. The accessibility of its concise chapters, each followed by a helpful listing of recommended readings, makes it a nice introduction to the foundations of capitalism. At the same time, Younkins recognizes that the conceptual foundations of free enterprise con ...
... This is the aim of Edward Younkins’ book. The accessibility of its concise chapters, each followed by a helpful listing of recommended readings, makes it a nice introduction to the foundations of capitalism. At the same time, Younkins recognizes that the conceptual foundations of free enterprise con ...
Ten Theses on Marxism and the Transition to Socialism
... us recall Marx's critique, as presented in Chapter Seven of Capital, "The Labour-Process and the Process of Producing Surplus-Value." In this theoretically central chapter Marx assumes that the market is in equilibrium, and hence, prices are "right." He looks closely at a paradigmatic firm. He looks ...
... us recall Marx's critique, as presented in Chapter Seven of Capital, "The Labour-Process and the Process of Producing Surplus-Value." In this theoretically central chapter Marx assumes that the market is in equilibrium, and hence, prices are "right." He looks closely at a paradigmatic firm. He looks ...
Ten Theses on Marxism and the Transition to
... for externalities and various other market failures. (Economist differs as to the seriousness of various forms of market failures and the efficacy of proposed solutions, but none pretend that an unregulated market will produce an optimal allocation of resources in the real world.) It is my contentio ...
... for externalities and various other market failures. (Economist differs as to the seriousness of various forms of market failures and the efficacy of proposed solutions, but none pretend that an unregulated market will produce an optimal allocation of resources in the real world.) It is my contentio ...
Economic System (Encyclopedia Britannica Article, by Heilbroner)
... To attempt to trace these lineages of capitalism would take one far beyond the confines of the present subject. Suffice it to remark that the emergence of the new order was first given expression in the 10th and 11th centuries when a rising mercantile “estate” began to bargain successfully for reco ...
... To attempt to trace these lineages of capitalism would take one far beyond the confines of the present subject. Suffice it to remark that the emergence of the new order was first given expression in the 10th and 11th centuries when a rising mercantile “estate” began to bargain successfully for reco ...
The Alternative to Capitalism
... above society and its members; it is a social institution, and, as such, a group of human beings, a section of society, organised in a particular way. This is why, strictly speaking, we should have written above that the state confronts most members of society and excludes most of them from control ...
... above society and its members; it is a social institution, and, as such, a group of human beings, a section of society, organised in a particular way. This is why, strictly speaking, we should have written above that the state confronts most members of society and excludes most of them from control ...
Marx`s Democratic Critique of Capitalism and Its Implications for a
... As we all know, Marx's powerful and compelling critique of capitalism provided no explicit model for a viable alternative to capitalism, no "recipes for cookshops of the future," in his disdainful phrase.1 Marx shouldn’t be faulted for this omission. He was a "scientific" socialist. Although there w ...
... As we all know, Marx's powerful and compelling critique of capitalism provided no explicit model for a viable alternative to capitalism, no "recipes for cookshops of the future," in his disdainful phrase.1 Marx shouldn’t be faulted for this omission. He was a "scientific" socialist. Although there w ...
Preface to Chinese Edition of After Capitalism
... As we all know, Marx's powerful and compelling critique of capitalism provided no explicit model for a viable alternative to capitalism, no "recipes for cookshops of the future," in his disdainful phrase.1 Marx shouldn’t be faulted for this omission. He was a "scientific" socialist. Although there w ...
... As we all know, Marx's powerful and compelling critique of capitalism provided no explicit model for a viable alternative to capitalism, no "recipes for cookshops of the future," in his disdainful phrase.1 Marx shouldn’t be faulted for this omission. He was a "scientific" socialist. Although there w ...