The Economic Performance of Socialism
Applied Economics Letters
6 Pages Posted: 19 Feb 2020 Last revised: 13 Dec 2020
Date Written: December 7, 2020
Abstract
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.
Keywords: economic development, socialism, capitalism, economic freedom
JEL Classification: 01, P1, P2
Suggested Citation: Suggested Citation
Mladina, Peter, The Economic Performance of Socialism (December 7, 2020). Applied Economics Letters, Available at SSRN: https://ssrn.com/abstract=3522297 or http://dx.doi.org/10.2139/ssrn.3522297
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.