2. Main ideas
the ideology and institution behind command
economies
3. Example and explain
The labour theory value- the idea that the
value of any good is determined solely by the
amount of labour required for its production.
The amount something is, is measured by the
amount of work put into the product.
4. Opinion and Perspective
Communism's main failure in practice comes
from the failure of a centralized economy to
function. Though socialists often attribute it
to problems elsewhere, the simple reason
behind this occurrence is the mathematic and
physical impossibility of managing an economy
from a centralized form.
http://gopcapitalist.tripod.com/socialistmyth.ht
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