jancancook
Posts : 1136
Join date : 2011-01-02
 |  Subject: Socialist economics  Sun Jan 16, 2011 6:32 am | |
| Socialist economics are the economic theories and practices of hypothetical and existing socialist economic systems. A socialist economy is based on public ownership or independent cooperative ownership of the means of production, wherein production is carried out to directly produce use-value, usually, but not always, coordinated through economic planning and a system of accounting based on calculation-in-kind or labor-time.[1][2] The term socialist economics may also be applied to analysis of former and existing economic systems that call themselves "socialist", such as the works of Hungarian economist János Kornai.[3] Socialist economics have been associated with different schools of economic thought, most notably Marxian economics, Institutional economics and Evolutionary economics. Early socialism, like Ricardian socialism, was based on Classical economics, and some forms of market socialism are based on the Neoclassical school of economics. About Daniel MacGregorteeth whitening kits | |
|
