The difference between Ideology of Socialism, Capitalism and Human Resource Economic System. Whether System is actual center position Socialism or left. H.R. being supported for ideology. description

Following the collapse of hither too existing socialism in Eastern Europe and Central Asia. There was a crisis in socialist economic thought. If we contrast the situation of the 1990s with what had existed 40 years earlier, we see that whilst in the 1950s, socialism and economic planning were almost universally accepted, even by enemies of socialism, as being viable ways to organize an economy,...

In his book The Economics of Feasible Socialism Alec Nove criticizes the methods of Marxist economics, as misleading or irrelevant for the task of building socialism, and rejects the goal of Marxist politics—socialism without commodity production—as impossible of realization. Any effective answer to his objections must follow the same procedure that Marx employed in his study of the emergence o...

“IS THERE A DIFFERENCE BETWEEN KNOWLEDGE AND information?” is the question that participants in this symposium were asked to address. I come to the question as an historian of economic thought who has studied the Austrian tradition, and in particular the contributions of F.A. Hayek, who is remembered among information theorists for his early writings on “the knowledge problem.” An analysis of h...

My personal observations of the conditions in and behaviors emitted by citizens in several socialist states and their capitalistic neighbors are first described and compared. I then discuss the applicability of behavioral theory to individual behavior in all environments and how those principles can be applied to an understanding of the emergence of capitalistic relationships. I suggest that be...