Socialist Ideology

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Socialist Ideology

Welfare economics provides strong support  to socialist ideology. Only a socialist dictatorship can bring   bout conditions of production exchange and distribution which may be conducive to welfare   maximization Free enterprise economy where conditions of perfect competition do not exist  is helpless in  he matter A strong government  action is called for to establish a social optimum Conclusions Above re given a few illustrations (the lists are not exhaustive) which show that  welfare economics has a strong ya in shaping vital  economic policies and in the introduction of far reach welfare increasing economic   erasures

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Socialist Ideology