V. Popov's article must be hailed. Not only because one should not go from one extreme to the other, from the "all-powerful state" to the "infallible market," but also because the time has come to reflect on the meaning of the word "socialism." There are very broad possibilities here. After all,...

What does economic theory offer us today? Unfortunately, very little. The political economy of socialism, which is based on Marx's teachings, is entirely inapplicable to the problems that arise in the present stage of development. And economic science in the West, especially in America, is...