It is now almost a decade since central and east Europe saw the demise of the Soviet-style economic planning which accompanied more ot less authoritarian political rule by communist parties. The economic thought, based on Marxist philosophy, which formed theoretical underpinning of centrally planned socialist economies, was peculiar to the region, and was radically different from mainstream western thought. Written by leading east European schola...
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Lenin looks at how Western capitalism in the mid-1800s transitioned inexorably from small businesses competing with one another into huge monopolies that concentrated labour, industry, natural resourc...
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