IDEAS home Printed from https://ideas.repec.org/a/cpn/umkeip/v14y2015i1p61-79.html
   My bibliography  Save this article

Capitalism vs. socialism – an attempt to analyse the competitiveness of economic systems

Author

Listed:
  • Marian Zalesko

    (University of Bialystok)

Abstract

This article is devoted to the analysis of the competitiveness of economic systems (capitalism and socialism) in the years 1950-1989. The author assumed that competitiveness is the ability of the surveyed economies to build prosperity. Therefore, to compare the competitiveness of both socio-economic formations, the living standard of society – GDP per capita was used as a basic measure. The results of the analysis clearly indicated that capitalism (the system of the market economy) is more competitive than socialism (a system of planned economy). The study of competitiveness of economic systems requires a holistic approach and the application of research methods used in economics and economic history.

Suggested Citation

  • Marian Zalesko, 2015. "Capitalism vs. socialism – an attempt to analyse the competitiveness of economic systems," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 14(1), pages 61-79, March.
    • Handle: RePEc:cpn:umkeip:v:14:y:2015:i:1:p:61-79
    DOI: 10.12775/EiP.2015.005
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.12775/EiP.2015.005
    Download Restriction: no
    File URL: https://libkey.io/10.12775/EiP.2015.005?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Fagerberg, Jan & Srholec, Martin & Knell, Mark, 2007. "The Competitiveness of Nations: Why Some Countries Prosper While Others Fall Behind," World Development, Elsevier, vol. 35(10), pages 1595-1620, October.
    2. Conklin,David W., 1991. "Comparative Economic Systems," Cambridge Books, Cambridge University Press, number 9780521344395, November.
    3. Marcel Boumans & Matthias Klaes, 2013. "Introduction," Chapters, in: Marcel Boumans & Matthias Klaes (ed.), Mark Blaug: Rebel with Many Causes, chapter 1, pages 1-8, Edward Elgar Publishing.
    4. Karl Aiginger & Michael Landesmann, 2002. "Competitive Economic Performance: USA versus EU," wiiw Research Reports 291, The Vienna Institute for International Economic Studies, wiiw.
    5. Jesús Huerta de Soto, 2010. "Socialism, Economic Calculation and Entrepreneurship," Books, Edward Elgar Publishing, number 13905.
    6. Conklin,David W., 1991. "Comparative Economic Systems," Cambridge Books, Cambridge University Press, number 9780521348898, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kwee Keong Choong & Patrick W. Leung, 2022. "A Critical Review of the Precursors of the Knowledge Economy and Their Contemporary Research: Implications for the Computerized New Economy," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 1573-1610, June.
    2. Li, Shuhe, 1997. "The search for determinants of catching up: Theory, the East Asian experience and the Chinese case," China Economic Review, Elsevier, vol. 8(2), pages 137-155.
    3. Makovi, Michael, 2016. "Labor Economics in a Planned Economy: F. A. Hayek and John Jewkes on the Impossibility of Democratic Socialism," MPRA Paper 70174, University Library of Munich, Germany.
    4. Jan Fagerberg & Martin Srholec, 2017. "Global Dynamics, Capabilities and the Crisis," Economic Complexity and Evolution, in: Andreas Pyka & Uwe Cantner (ed.), Foundations of Economic Change, pages 83-106, Springer.
    5. Alberto Tejero & Victor Rodriguez-Doncel & Ivan Pau, 2020. "Knowledge Graphs for Innovation Ecosystems," Papers 2001.08615, arXiv.org.
    6. William Hongsong Wang & Vicente Moreno-Casas & Jesús Huerta de Soto, 2021. "A Free-Market Environmentalist Transition toward Renewable Energy: The Cases of Germany, Denmark, and the United Kingdom," Energies, MDPI, vol. 14(15), pages 1-27, July.
    7. Mehmet Nar, 2015. "The Effects of Behavioral Economics on Tax Amnesty," International Journal of Economics and Financial Issues, Econjournals, vol. 5(2), pages 580-589.
    8. Karwat-Woźniak, Bożena & Buks, Bogdan, 2022. "Scale and Conditions of Agricultural Land Lease in The Case of Individual Farms," Problems of Agricultural Economics / Zagadnienia Ekonomiki Rolnej 320314, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
    9. Ülengin, Füsun & Kabak, Özgür & Önsel, Sule & Aktas, Emel & Parker, Barnett R., 2011. "The competitiveness of nations and implications for human development," Socio-Economic Planning Sciences, Elsevier, vol. 45(1), pages 16-27, March.
    10. Jan Fagerberg & Maryann Feldman & Martin Srholec, 2011. "Technological Dynamics and Social Capability: Comparing U.S. States and European Nations," Working Papers on Innovation Studies 20111114, Centre for Technology, Innovation and Culture, University of Oslo.
    11. Castellacci, Fulvio & Natera, Jose Miguel, 2013. "The dynamics of national innovation systems: A panel cointegration analysis of the coevolution between innovative capability and absorptive capacity," Research Policy, Elsevier, vol. 42(3), pages 579-594.
    12. Anna Kowalska & Jaroslav Kovarnik & Eva Hamplova & Pavel Prazak, 2018. "The Selected Topics for Comparison in Visegrad Four Countries," Economies, MDPI, vol. 6(3), pages 1-15, September.
    13. Hing, Vutha & Thangavelu, Shandre M. & Kong, Ratha, 2023. "Technology, Innovation, and Firm Competitiveness: Firm Level Analysis in Cambodia," ADBI Working Papers 1353, Asian Development Bank Institute.
    14. David Howden & Joakim Kampe, 2016. "Time preference and the process of civilization," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 43(4), pages 382-399, April.
    15. Dorian Jullien, 2018. "Under Risk, Over Time, Regarding Other People: Language and Rationality within Three Dimensions," Research in the History of Economic Thought and Methodology, in: Including a Symposium on Latin American Monetary Thought: Two Centuries in Search of Originality, volume 36, pages 119-155, Emerald Group Publishing Limited.
    16. Martin Srholec, 2011. "A multilevel analysis of innovation in developing countries ," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 20(6), pages 1539-1569, December.
    17. Van Den Hauwe, Ludwig, 2023. "Why Machines Will Not Replace Entrepreneurs. On the Inevitable Limitations of Artificial Intelligence in Economic Life," MPRA Paper 118307, University Library of Munich, Germany.
    18. Paredes-Frigolett, Harold & Pyka, Andreas & Leoneti, Alexandre Bevilacqua, 2021. "On the performance and strategy of innovation systems: A multicriteria group decision analysis approach," Technology in Society, Elsevier, vol. 67(C).
    19. Lee, Keun & Malerba, Franco, 2017. "Catch-up cycles and changes in industrial leadership:Windows of opportunity and responses of firms and countries in the evolution of sectoral systems," Research Policy, Elsevier, vol. 46(2), pages 338-351.
    20. Asad Ahmed & Osman Hasan & Falah Awwad & Nabil Bastaki, 2020. "Formalization of Cost and Utility in Microeconomics," Energies, MDPI, vol. 13(3), pages 1-19, February.

    More about this item

    Keywords

    economy; GDP per capita; standard of living; economic analysis;
    All these keywords.

    JEL classification:

    • B - Schools of Economic Thought and Methodology
    • N - Economic History
    • O - Economic Development, Innovation, Technological Change, and Growth
    • P - Political Economy and Comparative Economic Systems

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpn:umkeip:v:14:y:2015:i:1:p:61-79. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Miroslawa Buczynska (email available below). General contact details of provider: http://www.wydawnictwoumk.pl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.