The Pros And Cons Of Eastern European Socialism Essay

Socialism is the idea of a social organization that supports production, distribution, and trade that should be controlled within the community itself. There are many aspects of socialism that are unique, setting it apart from other social systems in the world. The ‘social aspect of socialism gives evidence to the fact that in the system, … Read more

The Future of Capitalism

This book report reflects upon the writings of Lester C. Thurow in his 1996 book – “The Future of Capitalism”. Thurow is a professor of economics at M. I. T. School of Management and has been a contributing editor to the Newsweek journal. “The Future of Capitalism” is an analytical look at the state of … Read more

The concepts of nature, dynamics and efficiency

The concepts of nature, dynamics and efficiency of the Soviet type planned economy of communism and the western types of socialism and capitalism differ greatly. Marx believed there were five stages a society would go through: basic primitive communism, slavery, feudalism, capitalism, and finally communism. Viewing the world as being based on economy. Due to … Read more

Capitalism: The Cause Of Slavery In The American South

The American South, had a social system which was distinct in many ways. There was an economy relative to the region, where class structure and a system of racial differences which caused the South to become unique to the rest of the nation. Historians such as James Henretta have said that Capitalism was the cause … Read more

Economic Growth

Subjects: Economics, Investment, Goods, Capitalism. Keywords: total productive capacity of an economy, Economic growth, decisions of the individuals, Buechner Recording, real wage rate, United States, alternatives uses of an economies, better machines.   Economic growth is the most important study in economics today. The first book on economics was by Adam Smith The Wealth of Nations … Read more