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

Question and Answer

What is the tradeoffs?

the tradeoffs is All of in competing economic systems—capitalism, socialism, and communism—are controversial..

How does the tradeoffs competing?

All of the tradeoffs in competing economic systems—capitalism, socialism, and communism—are controversial.

What is These systems and ideologies?

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

How does These systems and ideologies have undeniably shaped?

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

What is capitalism?

capitalism is But where does begin and socialism end?.

How does capitalism does?

But where does capitalism begin and socialism end?

What is it’s?

it’s is In short, about choice and compromise..

How does it’s compromise.?

In short, it’s about choice and compromise.

What is Capitalism?

Capitalism is Purchase vs..

How does Capitalism Purchase?

Purchase Capitalism vs.

What is Economic Systems -?

Economic Systems - is Comparing Professor Edward F. Stuart, Ph.D. courses at here with PRICE $234 $62 What Will You Learn?.

How does Economic Systems - Comparing?

Comparing Economic Systems - Professor Edward F. Stuart, Ph.D. courses at here with PRICE $234 $62 What Will You Learn?

What is the differences-?

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

How does the differences- Understand?

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

What is pure capitalist?

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

How does pure capitalist See?

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

What is the history and evolution?

the history and evolution is Explore of economic thought from the late 18th century to the current day..

How does the history and evolution Explore?

Explore the history and evolution of economic thought from the late 18th century to the current day.

What is the tradeoffs?

the tradeoffs is All of in competing economic systems—capitalism, socialism, and communism—are controversial..

How does the tradeoffs competing?

All of the tradeoffs in competing economic systems—capitalism, socialism, and communism—are controversial.

What is These systems and ideologies?

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

How does These systems and ideologies have undeniably shaped?

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

What is capitalism?

capitalism is But where does begin and socialism end?.

How does capitalism does?

But where does capitalism begin and socialism end?

What is it’s?

it’s is In short, about choice and compromise..

How does it’s compromise.?

In short, it’s about choice and compromise.

What is Capitalism and socialism?

Capitalism and socialism is turn on the major societal issues of education, healthcare, social services, and taxation..

How does Capitalism and socialism turn on?

Capitalism and socialism turn on the major societal issues of education, healthcare, social services, and taxation.

What is they?

they is And raise civil liberties tradeoffs that weigh individual freedom against the social safety net and collective security..

How does they raise?

And they raise civil liberties tradeoffs that weigh individual freedom against the social safety net and collective security.

What is economics?

economics is Because focuses on these pocketbook issues, many people believe the field is simply about money when, in reality, money is merely a means to an end..

How does economics focuses?

Because economics focuses on these pocketbook issues, many people believe the field is simply about money when, in reality, money is merely a means to an end.

What is Economics?

Economics is is really about people and their lives, and societies have been in pursuit of the ideal system for centuries, one that can balance these ongoing, competing desires for freedom versus security..

How does Economics is really?

Economics is really about people and their lives, and societies have been in pursuit of the ideal system for centuries, one that can balance these ongoing, competing desires for freedom versus security.

What is perfect equilibrium—?

perfect equilibrium— is No one has found the debates rage on and economies are in constant flux—but some major contenders have emerged, all of which are variations of capitalism and socialism in differing degrees and combinations..

How does perfect equilibrium— has found?

No one has found perfect equilibrium—the debates rage on and economies are in constant flux—but some major contenders have emerged, all of which are variations of capitalism and socialism in differing degrees and combinations.

What is the best possible option?

the best possible option is Determining which, if any, is in a definitive way, however, is a Sisyphean task and one riddled with complications..

How does the best possible option Determining?

Determining which, if any, is the best possible option in a definitive way, however, is a Sisyphean task and one riddled with complications.

What is these perpetual dilemmas?

these perpetual dilemmas is Understanding and endeavoring to solve is the job of comparative economics..

How does these perpetual dilemmas Understanding?

Understanding and endeavoring to solve these perpetual dilemmas is the job of comparative economics.

What is the many economies?

the many economies is By looking at around the world—their histories, their failures and successes—comparative economics attempts to uncover the influences, systems, and decisions that can do the most good for the most people..

How does the many economies looking?

By looking at the many economies around the world—their histories, their failures and successes—comparative economics attempts to uncover the influences, systems, and decisions that can do the most good for the most people.

What is you?

you is Guiding through this complex web of values and theories is Edward F. Stuart, Professor Emeritus of Economics at Northeastern Illinois University, who is a specialist in both comparative economics and Russian and Eastern European studies..

How does you Guiding?

Guiding you through this complex web of values and theories is Edward F. Stuart, Professor Emeritus of Economics at Northeastern Illinois University, who is a specialist in both comparative economics and Russian and Eastern European studies.

What is Professor Stuart?

Professor Stuart is has been traveling, teaching, and learning about these economic systems—in the former Soviet Union, the former Eastern Bloc, China, Scandinavia, and Europe—for more than 30 years..

How does Professor Stuart has been traveling,?

Professor Stuart has been traveling, teaching, and learning about these economic systems—in the former Soviet Union, the former Eastern Bloc, China, Scandinavia, and Europe—for more than 30 years.

What is It?

It is could even be argued that he was born to be a comparative economist, raised in a household defined by the very debates he analyzes as personified in the libertarian views of his father and his mother’s social progressivism..

How does It could even be argued?

It could even be argued that he was born to be a comparative economist, raised in a household defined by the very debates he analyzes as personified in the libertarian views of his father and his mother’s social progressivism.

What is This familial link?

This familial link is to his subject offers a personal dimension to his approach, one that demonstrates his ongoing passion for the ways these debates play out on a global scale..

How does This familial link offers?

This familial link to his subject offers a personal dimension to his approach, one that demonstrates his ongoing passion for the ways these debates play out on a global scale.

What is Economists?

Economists is venture to understand immensely complex systems that encompass not only finance and trade, but social structures, governments, family arrangements, geography, and more..

How does Economists venture?

Economists venture to understand immensely complex systems that encompass not only finance and trade, but social structures, governments, family arrangements, geography, and more.

What is Comparing Economic Systems?

Comparing Economic Systems is Socialism: will show you the many ways the most influential modern economic theories were developed, how they function (or don’t), and how they manage to operate both together and in opposition to each other, from the rise of Soviet communism to the future of the European Union and beyond..

How does Comparing Economic Systems will show?

Socialism: Comparing Economic Systems will show you the many ways the most influential modern economic theories were developed, how they function (or don’t), and how they manage to operate both together and in opposition to each other, from the rise of Soviet communism to the future of the European Union and beyond.

What is you?

you is As compare and contrast the many ways societies tackle economic issues, Professor Stuart demonstrates that even the most controversial economic decisions boil down to a deceptively simple question: What makes a good society?.

How does you compare?

As you compare and contrast the many ways societies tackle economic issues, Professor Stuart demonstrates that even the most controversial economic decisions boil down to a deceptively simple question: What makes a good society?

What is Success?

Success is Measuring.

How does Success Measuring?

Measuring Success

What is the first misconceptions Professor Stuart?

the first misconceptions Professor Stuart is One of clarifies is that there is no definitive way to determine if an economy is objectively “good” or “bad.” Rather, there are many statistics and data points economists can use to measure the relative health of a given system..

How does the first misconceptions Professor Stuart clarifies?

One of the first misconceptions Professor Stuart clarifies is that there is no definitive way to determine if an economy is objectively “good” or “bad.” Rather, there are many statistics and data points economists can use to measure the relative health of a given system.

What is gross domestic product (GDP)?

gross domestic product (GDP) is From to unemployment rates to inflation and even life expectancy, there is no shortage of measuring tools..

How does gross domestic product (GDP) rates?

From gross domestic product (GDP) to unemployment rates to inflation and even life expectancy, there is no shortage of measuring tools.

What is The greatest difficulty lies not?

The greatest difficulty lies not is just in translating complex metrics, but in choosing which of these measurements matter..

How does The greatest difficulty lies not translating?

The greatest difficulty lies not just in translating complex metrics, but in choosing which of these measurements matter.

What is discussion of GDP?

discussion of GDP is While is common in the news, not everyone holds it as the absolute yardstick for economic success..

How does discussion of GDP is?

While discussion of GDP is common in the news, not everyone holds it as the absolute yardstick for economic success.

What is few people?

few people is And while would argue that low unemployment and low rates of inflation are good things for an economy, even fewer can agree as to whether either is a significant statistic to measure prosperity..

How does few people would argue that?

And while few people would argue that low unemployment and low rates of inflation are good things for an economy, even fewer can agree as to whether either is a significant statistic to measure prosperity.

What is Professor Stuart?

Professor Stuart is As notes, “people can argue forever using whatever statistics prove their point.” If there are no foolproof conclusions to draw from the wealth of information available, how do we know when an economy “works”?.

How does Professor Stuart notes,?

As Professor Stuart notes, “people can argue forever using whatever statistics prove their point.” If there are no foolproof conclusions to draw from the wealth of information available, how do we know when an economy “works”?

What is economic equality?

economic equality is What is more important, or rapid growth?.

How does economic equality is more?

What is more important, economic equality or rapid growth?

What is Low inflation?

Low inflation is or infant mortality rates?.

How does Low inflation rates??

Low inflation or infant mortality rates?

What is you?

you is As progress through the history of capitalism, socialism, communism, and mixed-economies-and look at their manifestations across the world today—Professor Stuart will demonstrate that absolutes in economics are much like those in culture or politics: impossible and ultimately unhelpful..

How does you progress?

As you progress through the history of capitalism, socialism, communism, and mixed-economies-and look at their manifestations across the world today—Professor Stuart will demonstrate that absolutes in economics are much like those in culture or politics: impossible and ultimately unhelpful.

What is it?

it is Rather, is in finding balance, making comparisons and compromises, that economies discover how to prosper, stagnate, or, in some cases, collapse..

How does it is?

Rather, it is in finding balance, making comparisons and compromises, that economies discover how to prosper, stagnate, or, in some cases, collapse.

What is the surface,?

the surface, is On the study of economics can seem like purely a numbers game, relying as it does on large-scale, impersonal statistics to focus attention on broad trends..

How does the surface, can seem like purely?

On the surface, the study of economics can seem like purely a numbers game, relying as it does on large-scale, impersonal statistics to focus attention on broad trends.

What is This “big picture” approach?

This “big picture” approach is can sometimes mean that the human costs of prosperity can be dismissed as simply the cost of doing business..

How does This “big picture” approach can sometimes mean that?

This “big picture” approach can sometimes mean that the human costs of prosperity can be dismissed as simply the cost of doing business.

What is other issues,?

other issues, is Rather than gloss over these and Capitalism vs..

How does other issues, gloss over?

Rather than gloss over these and other issues, Capitalism vs.

What is Socialism?

Socialism is will take you across centuries and around the world to show you both sides of the story, diving into the history of economic systems and the individuals and groups that shaped them, whether they be famous industrialists like Josiah Wedgewood, notable economic thinkers like Adam Smith and Karl Marx, political leaders such as Stalin, FDR, or Otto von Bismarck, or the many nameless workers and citizens whose time and labor form the backbone of any economy..

How does Socialism will take?

Socialism will take you across centuries and around the world to show you both sides of the story, diving into the history of economic systems and the individuals and groups that shaped them, whether they be famous industrialists like Josiah Wedgewood, notable economic thinkers like Adam Smith and Karl Marx, political leaders such as Stalin, FDR, or Otto von Bismarck, or the many nameless workers and citizens whose time and labor form the backbone of any economy.

What is people?

people is If are the real heart of economics, then it should be unsurprising that there are many paradoxes inherent in economic systems..

How does people are?

If people are the real heart of economics, then it should be unsurprising that there are many paradoxes inherent in economic systems.

What is Professor Stuart?

Professor Stuart is takes you through the many developments of modern economics and highlights that, while there are a host of advantages and disadvantages that must be balanced in any system, some roadblocks can arise from unexpected or counterintuitive elements..

How does Professor Stuart takes?

Professor Stuart takes you through the many developments of modern economics and highlights that, while there are a host of advantages and disadvantages that must be balanced in any system, some roadblocks can arise from unexpected or counterintuitive elements.

What is these paradoxes?

these paradoxes is Some of include: The necessity of strong government in free market systems..

How does these paradoxes include:?

Some of these paradoxes include: The necessity of strong government in free market systems.

What is large-scale capitalist enterprise?

large-scale capitalist enterprise is Successful, requires a strong central government to enforce property and contract laws..

How does large-scale capitalist enterprise requires?

Successful, large-scale capitalist enterprise requires a strong central government to enforce property and contract laws.

What is The “paradox of thrift.” While?

The “paradox of thrift.” While is it is smart for individuals and businesses to save and build up cash reserves to survive a recession, when the behavior becomes widespread it will eventually negatively affect total spending, incomes, production, employment, etc. More money doesn’t equal more spending. Known as “marginal propensity to consume,” wealthy individuals demonstrate unstable spending habits, while poor people will almost always spend 100% (or even slightly more) of their income..

How does The “paradox of thrift.” While is?

The “paradox of thrift.” While it is smart for individuals and businesses to save and build up cash reserves to survive a recession, when the behavior becomes widespread it will eventually negatively affect total spending, incomes, production, employment, etc. More money doesn’t equal more spending. Known as “marginal propensity to consume,” wealthy individuals demonstrate unstable spending habits, while poor people will almost always spend 100% (or even slightly more) of their income.

What is “All animals?

“All animals is are equal, but some animals are more equal than others.” Professor Stuart highlights how, in his allegorical novel Animal Farm, George Orwell underscores an irony of communism in practice, wherein everyone is said to be equal but a rigid hierarchy of power exists nonetheless..

How does “All animals are?

“All animals are equal, but some animals are more equal than others.” Professor Stuart highlights how, in his allegorical novel Animal Farm, George Orwell underscores an irony of communism in practice, wherein everyone is said to be equal but a rigid hierarchy of power exists nonetheless.

What is Capitalism and socialism?

Capitalism and socialism is (and by extension, communism) are often treated as if they are always in opposition to each other, but by looking at their origins and development, you will discover that this is far from the truth; they are, in fact, inextricably connected..

How does Capitalism and socialism are often treated?

Capitalism and socialism (and by extension, communism) are often treated as if they are always in opposition to each other, but by looking at their origins and development, you will discover that this is far from the truth; they are, in fact, inextricably connected.

What is religious factors?

religious factors is Many social, political, and even intersected to support the birth of capitalism at a time when new, more democratic political systems were emerging from under the oppressive shadow of feudalism..

How does religious factors intersected?

Many social, political, and even religious factors intersected to support the birth of capitalism at a time when new, more democratic political systems were emerging from under the oppressive shadow of feudalism.

What is turn,?

turn, is In modern socialism is the direct result of the pitfalls of free-market capitalism in the 18th and 19th centuries—the exploitation and dangerous, impoverished conditions workers were often subjected to inspired reformers and political thinkers to envision new ways to create a better, more equal society..

How does turn, is?

In turn, modern socialism is the direct result of the pitfalls of free-market capitalism in the 18th and 19th centuries—the exploitation and dangerous, impoverished conditions workers were often subjected to inspired reformers and political thinkers to envision new ways to create a better, more equal society.

What is other nations?

other nations is Meanwhile, took socialist ideology to an extreme in various forms of authoritarian communism..

How does other nations took?

Meanwhile, other nations took socialist ideology to an extreme in various forms of authoritarian communism.

What is Professor Stuart?

Professor Stuart is looks closely at these systems and their histories, revealing their strengths and weaknesses and demonstrating why there is no pure capitalist (or pure socialist) system working in the world today..

How does Professor Stuart looks closely?

Professor Stuart looks closely at these systems and their histories, revealing their strengths and weaknesses and demonstrating why there is no pure capitalist (or pure socialist) system working in the world today.

What is Professor Stuart?

Professor Stuart is As guides you through the origins and evolutions of economic thought, you will look at some of the greatest experiments and failures of the last few centuries, including the creation of early American socialist experiments, the far-reaching economic implications of World War I, how the Great Depression highlighted the instability of post-war markets, the rise and fall of Soviet communism, the mixed-model economies of Europe, the rising tide of Asian market economies, and much more..

How does Professor Stuart guides?

As Professor Stuart guides you through the origins and evolutions of economic thought, you will look at some of the greatest experiments and failures of the last few centuries, including the creation of early American socialist experiments, the far-reaching economic implications of World War I, how the Great Depression highlighted the instability of post-war markets, the rise and fall of Soviet communism, the mixed-model economies of Europe, the rising tide of Asian market economies, and much more.

What is the way,?

the way, is Along he also shares insightful personal stories and reveals unexpected connections between economics and other facets of modern life and culture..

How does the way, also shares?

Along the way, he also shares insightful personal stories and reveals unexpected connections between economics and other facets of modern life and culture.

What is the lectures,?

the lectures, is Throughout you will find answers to questions like: Where do phrases like “when my ship comes in” and “there’s no such thing as a free lunch” originate?.

How does the lectures, will find?

Throughout the lectures, you will find answers to questions like: Where do phrases like “when my ship comes in” and “there’s no such thing as a free lunch” originate?

What is the correlation?

the correlation is What is between the average physical height of a population and economic growth?.

How does the correlation is?

What is the correlation between the average physical height of a population and economic growth?

What is the goldsmiths of the middle?

the goldsmiths of the middle is Why are ages so important in the history of modern economics?.

How does the goldsmiths of the middle are?

Why are the goldsmiths of the middle ages so important in the history of modern economics?

What is the concept of the money-back guarantee?

the concept of the money-back guarantee is Where does come from?.

How does the concept of the money-back guarantee does?

Where does the concept of the money-back guarantee come from?

What is the link?

the link is What is between a 19th-century socialist experiment and the microwave?.

How does the link is?

What is the link between a 19th-century socialist experiment and the microwave?

What is novelists?

novelists is How did like Theodore Dreiser, Upton Sinclair, Charles Dickens, and George Orwell influence the arguments surrounding various economic systems?.

How does novelists did?

How did novelists like Theodore Dreiser, Upton Sinclair, Charles Dickens, and George Orwell influence the arguments surrounding various economic systems?

What is rock music?

rock music is What can and the Rubik’s cube tell us about post-World War II capitalism?.

How does rock music can?

What can rock music and the Rubik’s cube tell us about post-World War II capitalism?

What is the end,?

the end, is In what does make a good society?.

How does the end, does make?

In the end, what does make a good society?

What is every nation,?

every nation, is If every community, and even every individual across the globe assigns a different value to the tradeoffs of social solidarity and individual freedom that define economic systems, how do we predict the future of world economies?.

How does every nation, assigns?

If every nation, every community, and even every individual across the globe assigns a different value to the tradeoffs of social solidarity and individual freedom that define economic systems, how do we predict the future of world economies?

What is Hundreds of economies?

Hundreds of economies is operate side by side and every single one has advantages and disadvantages that cannot be objectively measured..

How does Hundreds of economies operate?

Hundreds of economies operate side by side and every single one has advantages and disadvantages that cannot be objectively measured.

What is Professor Stuart?

Professor Stuart is As observes, we are not at the end of history; many of the questions we ask today will continue to be asked far into the future..

How does Professor Stuart observes,?

As Professor Stuart observes, we are not at the end of history; many of the questions we ask today will continue to be asked far into the future.

What is comparative economics?

comparative economics is What promises is not a “final” form of human government or the ultimate economic plan, but rather the opportunity to uncover the ways societies have shaped—and will continue to shape—the world to fit the boundless ideals that make a good society, and what each option can tell us about ourselves, the world we live in, and the world we want to create..

How does comparative economics promises?

What comparative economics promises is not a “final” form of human government or the ultimate economic plan, but rather the opportunity to uncover the ways societies have shaped—and will continue to shape—the world to fit the boundless ideals that make a good society, and what each option can tell us about ourselves, the world we live in, and the world we want to create.

What is Each Format?

Each Format is What Does Include?.

How does Each Format Does?

What Does Each Format Include?

What is INSTANT VIDEO?

INSTANT VIDEO is INCLUDES: Download 24 video lectures to your computer or mobile app Downloadable PDF of the course guidebook FREE video streaming of the course from our website and mobile apps INSTANT AUDIO INCLUDES: Download 24 audio lectures to your computer or mobile app Downloadable PDF of the course guidebook FREE audio streaming of the course from our website and mobile apps DVD INCLUDES: 24 lectures on 4 DVDs 280-page printed course guidebook Downloadable PDF of the course guidebook FREE video streaming of the course from our website and mobile apps Closed captioning available CD INCLUDES: 24 Lectures on 12 CDs 280-page printed course guidebook Downloadable PDF of the course guidebook FREE audio streaming of the course from our website and mobile apps What Does The Course Guidebook Include?.

How does INSTANT VIDEO INCLUDES: Download?

INSTANT VIDEO INCLUDES: Download 24 video lectures to your computer or mobile app Downloadable PDF of the course guidebook FREE video streaming of the course from our website and mobile apps INSTANT AUDIO INCLUDES: Download 24 audio lectures to your computer or mobile app Downloadable PDF of the course guidebook FREE audio streaming of the course from our website and mobile apps DVD INCLUDES: 24 lectures on 4 DVDs 280-page printed course guidebook Downloadable PDF of the course guidebook FREE video streaming of the course from our website and mobile apps Closed captioning available CD INCLUDES: 24 Lectures on 12 CDs 280-page printed course guidebook Downloadable PDF of the course guidebook FREE audio streaming of the course from our website and mobile apps What Does The Course Guidebook Include?

What is COURSE GUIDEBOOK?

COURSE GUIDEBOOK is DETAILS: 280-page printed course guidebook Photos and illustrations Suggested reading Questions to consider Tag: "Capitalism vs. Socialism. Comparing Economic Systems - Professor Edward F. Stuart, Ph.D." Review..

How does COURSE GUIDEBOOK DETAILS:?

COURSE GUIDEBOOK DETAILS: 280-page printed course guidebook Photos and illustrations Suggested reading Questions to consider Tag: "Capitalism vs. Socialism. Comparing Economic Systems - Professor Edward F. Stuart, Ph.D." Review.