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Monetarism

One of the principal monetarist propositions is the association between money growth and inflation: inflation is produced if sustained money growth exceeds the growth of output. If a government wants to end inflation or produce deflation, money growth must be lower than the growth of output. In the years since World War II, almost all countries experienced inflation. Some countries, such as Chile, Israel, Brazil, Argentina, Italy, Japan, Turkey, and

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How to Make Money under Capitalism

«The next morning, I invested those ten cents in two apples. I spent the entire day polishing them and sold them at 5:00 pm for 20 cents. I continued this system for a month, by the end of which I'd accumulated a fortune of $1.37.»

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Fascism

The classical expample of fascism in economics was Italy in the days of Mussolini, where it grew out of syndicalism and nationalism. The syndicalists supposed that economy ought to be governed by groups representing various industries. The nationalists put forward the idea of national struggle. Italy was a proletarian nation suffering from the unfavourable results of World War I, they said, and to win a greater share of the world's wealth, all of Italy's classes must unite..

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Capitalism (Капитализм)

Capitalism is a term to define the system of economic individualism, based on the assumption that people's pursuit of self-interest and the right to own private property are legally legitimate and morally defensible. In this case the state exists to protect individual rights. Restricted by law and custom to a certain extend, people as individuals are free to decide where to invest, what to produce or sell, and what prices to charge. Their efforts in terms of assets, sales and profits, or the number of customers, employees, and investors, or whether they operate in local, regional, national, or international markets, are not limited in any natural way.

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Communism and Economics

During the days of communism in the Soviet Union, an inspector was encharged with visiting local chicken farmers and inquiring about the amount of feed they were giving their chickens. Central planning was still in effect and each farmer was allocated 15 Roubles to spend on chicken feed. One farmer very honestly answered that he spent five of the allocated 15 Roubles on chicken feed...

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The World Economic Systems

Study The World Economic Systems and say what you would do if you had two cows... Feudalism: You have two cows. Your lord takes some of the milk. Pure socialism: You have two cows. The government takes them and puts them in a barn with everyone else's cows. You have to take care of all the cows. The government gives you as much milk as you need.

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Socialism

Socialism is defined as a system of centrally planned economy in which the government controls all means of production. It was meant to be a remedy for economic and moral defects of capitalism, but it seems to have surpassed capitalism in economic malfunction and moral cruelty.

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