OK Economics Economic Systems Lecture Notes INTRODUCTION Full Graphics



Types of the economic systems

  One-dimensional Classification

 Convergence Hypothesis

Vacuum Hypothesis

Two-dimensional Classification


Property Rights vs. Coordinating Mechanism

Command Principle vs, Central Planning

Three-dimensional Classification


What is Socialism


The meanning of the term "Socialism"

Socialism as a set of ideas

Socialism as a movement

Socialism as a social and economic system.

Socialist Countries


World Expansion of Socialism

Socialism in the Former Soviet Union (FSU)


What is the Former Soviet Union (FSU)?

How Socialism emerged in the FSU

Socialism in EE

What is Eastern Europe (EE) ?

How Socialism emerged in EE
















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