Economic system
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Understanding Economic systems
Under construction
| Left | Earth's biological capacity | Right | ||||
|---|---|---|---|---|---|---|
| Everything that is good for the community is good for the individual | Everything that is good for the individual is good for the community | |||||
| The state is the leading 'agent' | The individual is the leading 'agent' | |||||
| Karl Marx | Nothing can have value without being an object of utility. | It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. | Adam Smith | |||
| Vladimir Lenin | To rely upon conviction, devotion, and other excellent spiritual qualities; that is not to be taken seriously in politics. | "The social responsibility of businessses is to increase its profits".
NYT Magazine - 1970-09-13 |
Milton Friedman | |||