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socialist economy
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an economic system based on state ownership of capital
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This idea of "production for use" is a fundamental aspect of a socialist economy.
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The socialist economy became steadily more dependent on financial infusions from hard-currency loans from West Germany.
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They believe this is demonstrated by the comparative prosperity of free market and socialist economies.
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The passenger car industry was a minor part of vehicle production during the first three decades of China’s socialist economy.
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The social dividend is the return on the capital assets and natural resources owned by society in a socialist economy.
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The movement campaigned for an end to apartheid and the transition of South Africa toward universal suffrage and a socialist economy.
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In a fully developed socialist economy, production and balancing factor inputs with outputs becomes a technical process to be undertaken by engineers.
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The workers' councils strove to manage the enterprise while protecting workers' interests, thus establishing a socialist economy free of rigid party control.
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To do so, he believed that a "dictatorship of the proletariat" was necessary to suppress the bourgeoisie and develop a socialist economy.
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Production for use is a phrase referring to the principle of economic organization and production taken as a defining criterion for a socialist economy.
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In his American Economic Association presidential address, Taylor (1929) laid out the conditions under which a socialist economy could in theory achieve an efficient allocation of resources.
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Liberal socialism does not have the goal of abolishing capitalism with a socialist economy, instead it supports a mixed economy that includes both public and private property in capital goods.
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Socialism portal Business and economics portal Distributism New Economic Mechanism Social market economy Socialist-oriented market economy Titoism O'Hara, Phillip (September 2000).
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In a fully developed socialist economy, engineers and technical specialists, overseen or appointed in a democratic manner, would coordinate the economy in terms of physical units without any need or use for financial-based calculation.
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Guevara continually stressed that a socialist economy in itself is not "worth the effort, sacrifice, and risks of war and destruction" if it ends up encouraging "greed and individual ambition at the expense of collective spirit".
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The socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China.
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OGAS ARPANET Chilean coup of 1973 Economic calculation debate Enterprise resource planning Fernando Flores History of Chile Internet Material balance planning Planned economy Socialist economy Viable system model System dynamics Comparison of system dynamics software Cybersyn Chile - Opsroom "IU professor analyzes Chile's 'Project Cybersyn'".
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Capitalism eventually socializes labor and production to a point that the traditional notions of private ownership and commodity production become increasingly insufficient for further expanding the productive capacities of society, necessitating the emergence of a socialist economy in which means of production are socially owned and the surplus value is controlled by the workforce.
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Contemporary market socialism emerged from the debate on socialist calculation during the early-to-mid 20th century among socialist economists who believed that a socialist economy could neither function on the basis of calculation in natural units nor through solving a system of simultaneous equations for economic coordination, and that capital markets would be required in a socialist economy.
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Participatory economics is a form of socialist decentralized planned economy involving the common ownership of the means of production.
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In 1972 Cuba joined the COMECON, an economic organization of states designed to create cooperation among the socialist planned economies dominated by the large economy of the Soviet Union.
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The debate was popularly viewed as a debate between proponents of capitalism and proponents of socialism, but in reality a significant portion of the debate was between socialists who held differing views regarding the utilization of markets and money in a socialist system and to what degree the law of value would continue to operate in a hypothetical socialist economy.
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This led Guevara to denounce a range of Soviet practices including what he saw as their attempt to "air-brush the inherent violence of class struggle integral to the transition from capitalism to socialism", their "dangerous" policy of peaceful co-existence with the United States, their failure to push for a "change in consciousness" towards the idea of work, and their attempt to "liberalize" the socialist economy.
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Đổi Mới (Vietnamese: ; English: "Renovation") is the name given to the economic reforms initiated in Vietnam in 1986 with the goal of creating a "socialist-oriented market economy".
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The socialist-oriented market economy (Vietnamese: Kinh tế thị trường theo định hướng xã hội chủ nghĩa) is the official title given to the current economic system in the Socialist Republic of Vietnam.
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