Given these realities of state power and economic intervention, the only reasonable position for those who cherish freedom ...

Now China has transformed its planned economy system into an initial socialist market economy system. As a result the regulatory function of the market has been strengthened tremendously.

There is always the choice between the market principle and the hegemonic principle. There is no third way or middle ground between the two, often presented as ...

New models of market socialism were proposed following the collapse of the Soviet model in 1991. The hope was that markets would guarantee economic efficiency while a socialist state assured ...

Modern economies blend capitalism with socialism to address challenges like inequality, market failures and negative externalities ... This creates what economists call a “mixed economy.” The amount ...

Modern economies blend capitalism with socialism to address challenges like inequality, market failures and ... This creates what economists call a "mixed economy." The amount of state involvement ...