SOCIALISM

SOCIALISM As a doctrine, socialism developed from the ideas of Marx and other radical thinkers of the nineteenth century. Socialism is a middle ground between laissez-faire capitalism and the central~planning’ model, which we discuss .in the next subsection....

A BOUQUET OF “ISMS”

A BOUQUET OF “ISMS” At one extreme is[ire-markrt absolutism. which holds’ that the best government is the least government. At the other extreme is complete communism, with the government operating a collectivized economic order in which the...