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Free market and Ricardian socialism

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Free market and Ricardian socialism

Free market vs. Ricardian socialism

In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority. Ricardian socialism is a branch of classical economic thought based upon the work of the economist David Ricardo (1772–1823).

Similarities between Free market and Ricardian socialism

Free market and Ricardian socialism have 7 things in common (in Unionpedia): Adam Smith, Classical economics, Cooperative, David Ricardo, Exploitation of labour, Market socialism, Mutualism (economic theory).

Adam Smith

Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.

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Classical economics

Classical economics or classical political economy (also known as liberal economics) is a school of thought in economics that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century.

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Cooperative

A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise".

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David Ricardo

David Ricardo (18 April 1772 – 11 September 1823) was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill.

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Exploitation of labour

Exploitation of labour is the act of treating one's workers unfairly for one's own benefit.

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Market socialism

Market socialism is a type of economic system involving the public, cooperative or social ownership of the means of production in the framework of a market economy.

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Mutualism (economic theory)

Mutualism is an economic theory and anarchist school of thought that advocates a society with free markets and occupation and use property norms.

Free market and Mutualism (economic theory) · Mutualism (economic theory) and Ricardian socialism · See more »

The list above answers the following questions

Free market and Ricardian socialism Comparison

Free market has 149 relations, while Ricardian socialism has 26. As they have in common 7, the Jaccard index is 4.00% = 7 / (149 + 26).

References

This article shows the relationship between Free market and Ricardian socialism. To access each article from which the information was extracted, please visit:

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