Abstract
A pure market system operating solely on the principle of self-interest and a pure state planning system designed only to promote civic values possess significant faults as well as some advantages. Table 5.1 sums up these differences between the advantages and disadvantages of State Planning vs. a Market System.
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Sources and References
J. M. Keynes, The General Theory of Employment, Interest and Money.
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© 1996 Greg Davidson and Paul Davidson
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Davidson, G., Davidson, P. (1996). The Entrepreneurial Market System vs. State Socialism. In: Economics for a Civilized Society. Palgrave Macmillan, London. https://doi.org/10.1057/9780230374874_5
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DOI: https://doi.org/10.1057/9780230374874_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-65497-2
Online ISBN: 978-0-230-37487-4
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