Farvaque, Étienne; Mihailov, Alexander; Naghavi, Alireza - 2011
This paper aims to explain the rise and fall of communism by exploring the interplay between economic incentives and …, and back to restoring market incentives. The grand experiment of communism is thus characterized to have led to the … discovery of a trade-off between equality and efficiency at the scale of alternative economic systems. -- Capitalism ; Communism …