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For years the Communist Party in the Soviet Union has been lying about the state of the economy. Now that the truth is exposed, the real situation appears to be quite desperate. Fifteen per cent of the population lives below the poverty line and 40 per cent of industry is obsolete. Where does...
Persistent link: https://www.econbiz.de/10014714598
Persistent link: https://www.econbiz.de/10014731874
Discusses how resources are allocated in capitalist and socialist economies comparing the concept of interest (e.g. for present value calculations) with the use of capital charges (e.g. for calculating opportunity cost). Contrasts the Islamic economic system, which rejects interest but considers...
Persistent link: https://www.econbiz.de/10014940374
. Posits that in this study the theory of cheating the masses under capitalism and socialism‐communism, is valid ipso facto …
Persistent link: https://www.econbiz.de/10014805028
respectively sounded the death‐knell for Marx’s system and signaled papal acquisence in the axiom that what wins out is better. The … object of the present study is to give the lie to, or otherwise radically temper, both perceptions. In a word or two, Marx …
Persistent link: https://www.econbiz.de/10014805039
necessarily mean the end of socialism. In fact both capitalism and socialism are beneficial for a unitary human development, which … consists of both material and spiritual development. Capitalism, with its emphasis on self‐interest and individual freedom, has … been crucial to material development. But socialism, with its preference for other‐interest and collective necessity, is …
Persistent link: https://www.econbiz.de/10014805043
Purpose – The purpose of this paper is to critique the philosophical underpinnings of the growing field of Islamic economics. Design/methodology/approach – A critical and comparative review of Islamic economics texts written by key proponents during the last eight decades is undertaken. The...
Persistent link: https://www.econbiz.de/10014805802
meant by “revolution” and “socialism”. As with “capitalism” they should not be confused with the essence. The collapse of …Recent events in Eastern Europe are the framework within which the Marxian theory of history is discussed – what Marx … Soviet‐style regimes is not a refutation of Marxism.  …
Persistent link: https://www.econbiz.de/10014805840
It is noted that the optimal systems of radical free enterprise and radical socialism are extremes of intellectualising …
Persistent link: https://www.econbiz.de/10014805851
capitalism or socialism or communism”: as long as the yardstick for the comparison remains capitalism of laissez‐faire ; and as … in reality: a variety of capitalism that, having fulfilled the “archaic” act of industrialization, is moving into its …
Persistent link: https://www.econbiz.de/10014805900