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Prior to the turn of the last century, differences between capitalists and socialists had been more or less confined to occasionally taking potshots at each other. Most socialists regarded the problem of economic direction and control as one which could be solved when the time came. They were more interested in the social and moral ideas which socialism would bring about. Socialists and capitalists did not speak the same language; they tended to live in different worlds in which the two never met. This paper explores the the theories and models of von Mises and Lange, and profiles Yugoslavia, which has economic policies from both socialism and capitalism.
Stafford, Alan, "The Debate Over Planning, Socialism, Capitalism, and Competition" (1967). Honors Theses. 49.
Honors Thesis-Campus Only