As far back as the “New Economic Policy” initiated by Lenin in the early 1920s to set the war-torn Soviet economy back on its feet, the idea of combining markets with socialist forms of property ownership has had considerable appeal …
The idea of a market-based form of socialism was first given serious attention in the 1920s, when it was promoted by moderates within the socialist movement as an alternative to the marketless form of socialism identified with Marx’s vision of …
As the waves of popular revolution swept across Eastern Europe in 1989, great hopes were aroused for the future of the East European nations. The prevailing view in the West was that, once liberated from the oppressive communist yoke, these …
Since the depths of the Volcker-Reagan recession of the early 1980s, the U.S. economy has followed a course of economic expansion that has heartened supporters of the Reagan administration and put its critics on the defensive. In terms of the …
As every lay analyst of U.S. national elections knows, the first law of electoral economics is that good economic news favors the party in power and bad economic news hurts its chances. This is not to say that economic conditions …
We have heard much in recent months about the long-awaited recovery of the U.S. economy. After four years of virtual stagnation, the economic news out of Washington has been decided upbeat since this spring. The stock market began to surge …
We’ve heard much in recent months about the long-awaited recovery of the U.S. economy. After four years of virtual stagnation, the economic news out of Washington has been decidedly upbeat since this spring. The stock market began to surge late …
