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Title |
Socialism
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Author |
Robert Heilbroner |
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Category
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Economic Systems
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Type |
Article |
Description |
Socialism- defined as a centrally planned economy in which the government controls all means of production- was the tragic failure of the twentieth century. This article discusses the birth of socialist planning, the problems that emerged as a result of socialism, and socialist planning in Western eyes. |
URL |
http://www.econlib.org/library/Enc/Socialism.html |
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Copyright © 2006 Experimental Economics Center. All rights reserved.
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