Economic Update: Capitalism vs Socialism is NOT Markets vs Planning

[S12 E43] New

This week onĀ Economic Update, Prof. Wolff shows how the economics of existing capitalist and socialist economies make use of both markets and planning. The opposition of markets and planning is largely false and has worked to distract students and observers of economic systems from better differentiations such as how they differently organize their workplaces: hierarchical in the case of capitalist, democratic...READ MORE

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