Capitalism vs. Socialism. Comparing Economic Systems – Professor Edward F. Stuart, Ph.D.

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Summary

• Archive: What Will You Learn?

• Understand the differences-and surprisingly similarities-between economic systems and their underlying philosophies.

• See why there is no pure capitalist or socialist economy working in the world today.

• Explore the history and evolution of economic thought from the late 18th century to the current day.All of the tradeoffs in competing economic systems—capitalism, socialism, and communism—are controversial.

• These systems and ideologies have undeniably shaped the way people view both the world today and modern history.