期刊
APPLIED ECONOMICS LETTERS
卷 28, 期 21, 页码 1842-1846出版社
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
DOI: 10.1080/13504851.2020.1854444
关键词
Economic development; socialism; capitalism; economic freedom
类别
Socialism is gaining popularity again, but it comes with significant economic costs and leads to poverty, as shown by an empirical evaluation on major socialist economies.
Socialism is attracting renewed interest. But forced economic equality comes with significant economic costs. I conduct an empirical evaluation on the performance of major socialist economies in meeting living standards and show that socialism results in poverty.
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