Questions what is the main features of the socialist economy?

133. The teachings of Hayek

Key words: Education, classical liberalism, Criticism of collectivism

Friedrich Hayek believed that the prosperity of society was driven by creativity, entrepreneurship and innovation, which were possible only in a society with free markets. He was a leading member of the Austrian School of Economics, whose views differed dramatically from those held by mainstream theorists

134. Dobb’s economic views

Key words: political economy, theory of value, theory of distribution

"Economic relations of men determine social associations of men" he said in his Marxian economics class. Dobb believed the capitalist system created classes, and with class comes class warfare.

135. The development of utopian socialism

Key words: capitalism, utopians,

The term utopian socialism was introduced by Karl Marx in "For a Ruthless Criticism of Everything" in 1843 and then developed in The Communist Manifesto in 1848, although shortly before its publication Marx had already attacked the ideas of Pierre-Joseph Proudhon in The Poverty of Philosophy (originally written in French, 1847).