The Entrepreneurial Market System vs. State Socialism

Greg Davidson and Paul Davidson
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Greg Davidson: National Aeronautics and Space Administration (NASA)

Chapter 5 in Economics for a Civilized Society, 1996, pp 79-83 from Palgrave Macmillan

Abstract: Abstract A pure market system operating solely on the principle of self-interest and a pure state planning system designed only to promote civic values possess significant faults as well as some advantages. Table 5.1 sums up these differences between the advantages and disadvantages of State Planning vs. a Market System.

Keywords: Civilized Society; Income Distribution; Full Employment; Market System; Plan Economy (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37487-4_5

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DOI: 10.1057/9780230374874_5

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