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Comparative economic systems
literature have provided the raw material for your own theoretical construction. The cost of these choices is known as opportunity cost. In recent years, the Chinese government has been allowing more and more private businesses to operate. They are: What to produce? You are not required to use the same theoretical framework as embodied in this course. Under Sweden's national health insurance system, the people receive free medical services goverment spending all their lives. " The Great Leap Forward. If reading this article was an Assignment, get all 3 of these questions right to get credit!
Most of its major industries, such as coal mining, electric power, gas, telephone, and railroads, are owned by the government. Archived from the original on June 12, 2010. Ironically, not only did this analytical bipolarism result in an inability to recognize a much wider range of economic systems (how are we to distinguish, for instance, the free market capitalism of the New England states from the free market family farms of the West. " Real Tigers and Paper Tigers: Feudalism, Self-exploitation, and the 1949 Chinese Revolution." Albert Einstein. However, the economy of every country also changes over time, and how it falls between these broad categories will often change with. Thus we have seen the creation of a variety of economic systems.
Cold War, when the lone Ranger Tonto Fistfight in Heaven relative merits of capitalist and communist systems of economic and political organization were a central topic of political concern. The table below shows the balance post World War. Thirdly, neoclassical economic theory is tainted by its primary function as a polemical device arguing in favor of the notion that relatively unfettered market transactions result in a non-exploitative society. . However, this seminar (since its inception in 1989) has diverged sharply from the traditional Cold War approach to the teaching of CES, and has taken the unique path of treating the study of economic systems as a scientific problem, rather than an exercise in polemics. . An economist who is trained to defend the status quo cannot simultaneously produce an objective analysis of that status quo and alternatives to that status quo. Economic history, or Asian economies may be useful, but not required. . Course Description and Introduction: This is a seminar course in the comparative analysis of variant types of capitalist and non-capitalist social formations and the transition of social formations from one set of prevalent characteristics to a new and radically different set. . One exception to this open-mindedness is the issue of ontology. .