X-Nico

2 unusual facts about comparative economic systems


Comparative economic systems

One of the most important early contributions was the calculation debate regarding the assertion of Ludwig von Mises that a system of central planning could never work because the information generated by a price system would never be available to planners.

The comparative study of economic systems was of significant practical and political significance during the Cold War, when the relative merits of capitalist and communist systems of economic and political organization were a central topic of political concern.


Michael Ellman

He has written on the economics of the Soviet Union, transition economics, Russia and comparative economic systems.


see also