In my book entitled Socialism, Economic Calculation and Entrepreneurship I explain in theoretical terms what socialism … is and why it is an intellectual error, a scientific impossibility, why the socialism which still exists, despite the …

The paper considers four definitions of socialism. The definition of socialism as the public ownership of production … socialism as the overturn of the capital-labour relation. The author, however thinks that a correct definition requires the … public ownership of production means and the upsetting of the relation capital-labour. The other two definitions of socialism …

The controversy on the convergence of socialism and capitalism has recently been focused on China. In this paper, an … industrial organisation framework is used to portray the key features of "Socialism with Chinese Characteristics." The structure … examination of this fusion reveals a number of implications for the world food economy and international socialism. …

Schumpeter’s forecast in his Capitalism, Socialism and Democracy (<CitationRef CitationID="CR52">1942</CitationRef …, capitalism rightly meant, not just individual property rights, but the ability to ‘create money from nothing.’ This is such an …, however imperfectly, by denial of incorporation with limited liability to those who dealt in money. The decline of capitalism …

After the demise of “real” socialism and the decline of “western” socialism, socialism can be salvaged as a social … socialism could derive from the socialization of consumption, if the consumption of public goods continues to make up a growing …

In the transition from socialism to capitalism in Eastern Europe life satisfaction has followed the V-shaped pattern of …

duty of managers to firms’ owners is the bedrock of capitalism, and capitalism will wither without it. …