9 votes

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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  • 43.4k
8 votes

Have there been any true "communist" nations as Marx envisioned?

(I am not certain of whether I use established English terminology here). The answer is no, because in a communist state (as described by Marx), there are no markets, especially, markets for ...
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4 votes

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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4 votes

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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  • 8,477
4 votes

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 ...
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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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  • 43.4k
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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3 votes

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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3 votes

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 ...
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  • 6,409
3 votes

Have there been any true "communist" nations as Marx envisioned?

I think an excellent example of communist societies would be small tribal societies, before the industrial revolution. Means of production were generally shared and workers generally worked to benefit ...
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3 votes

Have there been any true "communist" nations as Marx envisioned?

No. Importantly, the conditions for the creation of a Marxist communist state has never occurred. Namely, the identification of workers along class lines over nationalist lines. Soviet totalitarian ...
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  • 308
2 votes

Have automation and technological advance been shown to have a positive impact on society and the economy or a negative one?

Would you rather work with a tractor or shovel? Would you rather use one hand to work or two?... Mathemathically the formula is: $$EL = \mathrm{GDP}_r$$ That is, efficiency ($/h) times hours ...
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  • 456
2 votes

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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  • 437
2 votes

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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1 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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  • 43.4k
1 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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1 vote

Have automation and technological advance been shown to have a positive impact on society and the economy or a negative one?

While change causes anxiety, and there's definitely some jobs that are going to go away, its easy to imagine, water carriers getting anxious with the invention of pipes, scribes with the invention of ...
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1 vote

Have automation and technological advance been shown to have a positive impact on society and the economy or a negative one?

@Dole answer is correct. Also, be aware that we often fail to foresee future evolutions. The Luddites failed to see that machines would not harm the people and the workers. Today's problem are quite ...
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