Socialism and Capitalism: Are They Qualitatively Different Socioeconomic Systems?
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State versus Private Ownership
Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain costs must be strong. In essence, this is the case for capitalism over socialism, explaining the "dynamic vitality" of free enterprise. The great economists of the 1930s and 1940s failed to see the dangers of socialism in part because they focused on the role of prices under social...
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تاریخ انتشار 2006