The economic performance of socialism

Peter Mladina

Applied Economics Letters, 2021, vol. 28, issue 21, 1842-1846

Abstract: Socialism is attracting renewed interest. But forced economic equality comes with significant economic costs. I conduct an empirical evaluation on the performance of major socialist economies in meeting living standards and show that socialism results in poverty.

Date: 2021
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DOI: 10.1080/13504851.2020.1854444

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