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This paper aims to explain the rise and fall of communism by exploring the interplay between economic incentives and … ownership, and back to restoring market incentives. The grand experiment of communism is thus characterized to have led to the … long-run transitions from capitalism to communism and back observed in the course of the 20-th century, the model also …
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described as a natural experiment to study the enduring effects of communism. We show in three steps that the populations in …
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described as a natural experiment to study the enduring effects of communism. We show in three steps that the populations in …
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