Neil Wilcock and Corina Scholz. Hartmut Elsenhans and a Critique
of Capitalism. Conversations on Theory and Policy Implications. London,
U.K.: Palgrave Macmillan, UK. 2016. xii+184 pages. €84.99 (Hard
Bound)
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Medientyp:
E-Artikel
Titel:
Neil Wilcock and Corina Scholz. Hartmut Elsenhans and a Critique
of Capitalism. Conversations on Theory and Policy Implications. London,
U.K.: Palgrave Macmillan, UK. 2016. xii+184 pages. €84.99 (Hard
Bound)
Beteiligte:
., Durr-e-Nayab
Erschienen:
Pakistan Institute of Development Economics (PIDE), 2016
Erschienen in:
The Pakistan Development Review, 55 (2016) 3, Seite 241-244
Beschreibung:
<jats:p>After the Second World War, the world was practically divided
into two competing economic systems, capitalism and socialism. This
ideological competition extended to the socio-political realm, and
became the basis of the cold wars from the late 1940s to early 1990s.
The events in Russia in the early to mid-20th century presented
socialism as a real contender, if not a complete alternative to
capitalism. With its increasing influence in many countries, not just in
Russia’s neighbourhood but also in the continents far across, socialism
emerged as the dominant thought, leading to what became to be referred
to as the socialist bloc. But then came the collapse of the USSR in
early 1990s and the whole socialist thought came to be questioned. In
socialist China, introduction of reforms with a capitalist bent further
questioned the practicability and success of socialism, while reforms in
the Indian economic system encouraged the proponents of capitalism to
declare victory. Adoption of capitalist ideals by purely or
quasi-socialist countries stamped the superiority of
capitalism.</jats:p>