9
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Can somebody explain to me why exactly people necessarily had to starve under "communist rule"?
I would like to just add to +1 answer of @fizz.
It is completely true that dictators often are self interested but the problem with communism is not only this but the fact that many ideas that are ...
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4
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Can somebody explain to me why exactly people necessarily had to starve under "communist rule"?
If that does happen, surely they would not keep doing it for long? Surely their plan isn't to starve their own people to death?
Sometimes alas it is. This has only a little to do with economics in ...
4
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Quantitative Marxian/Marxist micro and macro economic models?
There is a very interesting paper by John Roemer, published in Econometrica in 1980, that presents a mathematical general equilibrium Marxian model. I am not sure someone have ever estimated it though....
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4
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Quantitative Marxian/Marxist micro and macro economic models?
One (perhaps flippant) answer is that Marxists have a lot of ideas about how prices "should" work or how the value of labor "should" be rewarded, that aren't in line with what we observe, because ...
- 6,678
4
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How would you explain systemic flaws of communism?
What flaws do you see in my argumentation?
There are several flaws in your thesis.
First, I know USSR and eastern block are commonly labeled 'communist countries', but they were not communist ...
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3
votes
Can the ideas of capitalism and communism be well defined?
I have read several reddit threads where it is said that modern economists don't bother with ideas like capitalsm and communism
This is about 3/4 correct. It is true that most economists do not use ...
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3
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How would you explain systemic flaws of communism?
What flaws do you see in my argumentation? How would you explain it?
There are no flaws in your argumentation in regard to that debate.
Your explanation mostly summarizes the concept of utility in a ...
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Alternatives to Capitalism and Communism
Arguably, Henry George described such an alternative in his 1874 work Progress and Poverty. His system eventually became known as Georgism.
George saw his system as different than either Capitalism ...
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3
votes
What were "scissors prices" (China, 1950s)?
Under Mao the Chinese government was a planned economy, prices were set by the party, not by the free market. Procurement prices of agricultural produce, what the government payed to farmers, were ...
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2
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Alternatives to Capitalism and Communism
In my opinion there are two alternatives which are rather complementary.
Participatory Economics or PARECON by Michael Albert and Robin Hahnel : http://www.zcommunications.org/znet/topics/parecon, and ...
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How does foreign trade work in a planned economy?
The trade in itself was not that much different per se but it was restricted and overseen by the government.
For example, USSR was net oil exporter and most of its oil was sold for US dollars at ...
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2
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How would you explain systemic flaws of communism?
The easiest way to understand why socialist and communist economies trend toward failure is explained by F.A. Hayek in his article The Use of Knowledge in Society. To sum it up: there are limits on ...
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1
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What do Engels and Marx mean here?
Given that Marx interprets the dynamics of supply and demand for labor like any other good: the quantity of labor supplied increases as the wage increases.
-) Wages of the workforce are kept at the ...
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1
vote
How would you explain systemic flaws of communism?
All economic problems have two fundamental variables: price and quantity. These variables can possibly be declined in space and time.
Depending on the type of control that economic agents exercise ...
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vote
Accepted
The difference between capitalism and communism
First of all both communism and capitalism is poorly defined (you will generally not even find words capitalism and communism in standard economic textbooks unless they refer to history or feature ...
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vote
Have automation and technological advance been shown to have a positive impact on society and the economy or a negative one?
Economics cannot answer your question.
Economics as a discipline discarded normative assumptions ("what is good?") in order to deal with issues around price. This was a sound academic decision (Hey ...
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Alternatives to Capitalism and Communism
Distributism
Distributism is one such alternative, promoted in the early 20th century by Hilaire Belloc (Economics for Helen: A Brief Outline of Real Economy) and G. K. Chesterton (Utopia of Usurers). ...
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Only top scored, non community-wiki answers of a minimum length are eligible