What is the Alternative for the East? Neither Orthodox Marxism nor Capitalism but “Literal Socialism”
Anghel N. Rugina
(Professor Emeritus of Economics and Finance, Northeastern University, Boston, Mass., USA)
123
Abstract
Whenever capitalism in the West appears to be dragging with unresolved problems, then quite a few people, including professional economists, begin to think that perhaps socialism is a better alternative. Conversely, in the East even a larger number of people, including economists (who are not activists), seriously believe that in view of their shortages and meagre incomes capitalism would be a better alternative.
Citation
Rugina, A.N. (1983), "What is the Alternative for the East? Neither Orthodox Marxism nor Capitalism but “Literal Socialism”", International Journal of Social Economics, Vol. 10 No. 4, pp. 3-67. https://doi.org/10.1108/eb013939
Publisher
:MCB UP Ltd
Copyright © 1983, MCB UP Limited