Central Authority

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Attribute Socialism Capitalism Communism Fascism Libertarianism
Factors of production are owned by Everyone Individuals/Corporations Everyone Government Individuals
Factors of production are valued for Usefulness Profit Usefulness State power Market Forces
Allocation decided by Community plan Supply and Demand Central planning Central command Supply and Demand
From each according to their Ability Market Value Capability State value Free Choice
To each according to their Fair Need Wealth Need Loyalty Relationships
Military derived from Tax + Volunteers Tax + Volunteers Conscription Conscription Shared Interest
Corporations are Private PLC + Private State-Owned Extensions of State Local Conventions

SCHOOLS OF ECONOMIC THOUGHT

  1. German Historical School
  2. American School
  3. French Liberal School
  4. Mainstream Neo-Keynsian Economics
  5. Monetarism
  6. Institutional Economics
  7. Heterodox Economics
  8. Austrian School
  9. Marxian Economics
  10. Neoclassical Economics
  11. Chicago School
  12. Bioeconomics
  13. Ecological Economics

SOCIALIST IDEALS

LIBERTARIAN IDEALS

CAPITALIST IDEALS