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[1] [2] Another central argument leveled against socialist systems based on economic planning is based on the use of dispersed knowledge. Socialism is unfeasible in this view because information cannot be aggregated by a central body and effectively used to formulate a plan for an entire economy, because doing so would result in distorted or ...
The following outline is provided as an overview of and topical guide to socialism: Socialism – range of economic and social systems characterised by social ownership of the means of production and workers' self-management [ 10 ] as well as the political theories and movements associated with them.
Terry Eagleton writes that Marx's writings "should not be taken to mean that everything that has ever happened is a matter of class struggle. It means, rather, that class struggle is most fundamental to human history". [19] Academic Peter Stillman believes Marx's status as a determinist is a "myth". [20]
Karl Marx, considered by many as one of the founding fathers of anti-capitalist thought. Socialism advocates public or direct worker ownership and administration of the means of production and allocation of resources, and a society characterized by equal access to resources for all individuals, with an egalitarian method of compensation.
The historical debate was cast between the Austrian School represented by Ludwig von Mises and Friedrich Hayek, who argued against the feasibility of socialism; and between neoclassical and Marxian economists, most notably Cläre Tisch (as a forerunner), Oskar R. Lange, Abba P. Lerner, Fred M. Taylor, Henry Douglas Dickinson and Maurice Dobb ...
Social science, one of the branches of science, devoted to the study of societies and the relationships among individuals within those societies. Socialism with Chinese characteristics, the official ideology of the Chinese Communist Party; Scientific Outlook on Development, a socio-economic concept of the Chinese Communist Party
The resultant furore, which began as a student movement, was joined by working-class support, and transformed into the 1968 movement in Pakistan which brought socialism on agenda. [ 17 ] After a successful socialist conference in Lahore , Punjab , the Pakistan Peoples Party (PPP) was founded by the attending socialists, communists, and left ...
The essay concludes with Einstein's analysis on how to solve these problems through a planned economy: I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy , accompanied by an educational system which would be oriented toward social goals.