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itself within the new knowledge boundaries? Why has industrial and financial capitalism collapsed? Should it finally be …. In the second section, this study examines the industrial and financial capitalism redesign, the Welfare State and … economic interventionist policies, the decline of socialism and capitalism’s collapse in the context of economic globalization …
Persistent link: https://www.econbiz.de/10014180120
Some blame free-market capitalism for increasing income inequality, arguing that the richer classes could block access …
Persistent link: https://www.econbiz.de/10013290127
This essay tests Milton Friedman’s conjecture that capitalism is a necessary condition for political freedom. For the … decade around 2000 indices of the degree of capitalism and the degree of political freedom are highly correlated and provide … Friedman’s conjecture. These apparently contradictory results are reconciled by showing that both capitalism and freedom are …
Persistent link: https://www.econbiz.de/10014197318
This essay outlines the big-picture aspects of capitalism and socialism, and uses this overview to discuss human … liberty and economic liberty in each system. Additionally, I note that some have argued that capitalism is unfair or immoral …’ or ‘conformity without agreement.’” Capitalism is centered on individual rights and private ownership, while socialism …
Persistent link: https://www.econbiz.de/10014092273
As the COVID-19 pandemic wreaked havoc along Global Value Systems (GVSs) and India's domestic economic crisis deepened, the already struggling Indian Automotive sector incurred huge losses owing to both demand and supply side factors. In fact, the sector has been under significant strain over...
Persistent link: https://www.econbiz.de/10014309561
We examine the relationship between capitalism and income inequality for a large sample of countries using an adjusted … economic freedom index as proxy for capitalism and Gini coefficients based on gross-income as proxy for income inequality. Our …
Persistent link: https://www.econbiz.de/10010474859
We examine the relationship between capitalism and income inequality for a large sample of countries using an adjusted … economic freedom index as proxy for capitalism and Gini coefficients based on gross-income as proxy for income inequality. Our …
Persistent link: https://www.econbiz.de/10010462823
The empirical work in Thomas Piketty's Capital in the Twenty First Century is simply breathtaking, but his use of the terms capital and marketable wealth interchangeably leads us to consider the implications of distinguishing between them, and calls our attention to important issues that deserve...
Persistent link: https://www.econbiz.de/10013054825
Persistent link: https://www.econbiz.de/10011347468
Persistent link: https://www.econbiz.de/10009747229