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Tag: basic economics


Why Socialism Doesn’t Work—Economic Calculation Problem

September 1, 2019 at 5:30 pm | Articles, Blog | Ruben Talley -

Many people look at prices as basically obstacles to getting the things that they want, rather what prices are, prices are signals. Now as a result of government price controls, what it does is it causes a distortion of the information of these signals and of course it causes inefficiency. Now it could be a

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“Why Socialism Doesn’t Work—Economic Calculation Problem”

Why Capitalism Is Good

May 20, 2019 at 10:37 am | Articles | Ruben Talley -

in a capitalist economy all the power is in the hands of the consumers the only way a business can exist as if consumers purchase their products and services people will only want to purchase their products and services if they see the value of having that product or service and being worth more than

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“Why Capitalism Is Good”