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Everything about Economic system
System of ownership, production and exchange
An economic system, or economic order, is a system of production, resource allocation and distribution of goods and services within an economy. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community. Wikipedia →
🧭 Start here: a 6-step reading path
- Read the overview: Economic systemA 5-minute orientation
- Skim a recent paper: The economic system question revisitedInfluential work since 2022
- Pick up a classic book: NASA/DoD aerospace knowledge diffusion research projectThe most-reprinted book on the subject
- Read the landmark paper: A review on circular economy: the expected transition to a balanced interplay of environmental and economic systemsCited 5,768 times
- Go sideways: Socialist economicsA closely related topic
- Go sideways: Socialist calculation debateA closely related topic
📖 Definitions
No dictionary entry for this exact phrase.
🗂️ The subject at a glance
🏆 Landmark papers (most cited)
A review on circular economy: the expected transition to a balanced interplay of environmental and economic systems
The islamic economic system
THORSTEIN VEBLEN'S ECONOMIC SYSTEM
The Global Economic System
Economic system dynamics
The New Economic Policy (NEP) as an Economic System
Power System “Economic Alarms”
Schumpeter's Economic System
🆕 Influential since 2022
📚 Books worth reading
NASA/DoD aerospace knowledge diffusion research projectThomas E. Pinelli · 1990
Management information systemsKenneth C. Laudon, Jane P. Laudon · 1945
Économie internationalePaul R. Krugman, Maurice Obstfeld · 1987
Code civilFrance · 1802
An inquiry into the nature and causes of the wealth of nationsAdam Smith · 1784
Strategic management and competitive advantageJay B. Barney, Jay Barney · 2007
Business @ the speed of thoughtBill Gates, Collins Hemingway · 1999
Economy and societyTalcott Parsons, Alberto Martinelli · 1956
Ranked by number of editions on Open Library, a rough measure of how lasting a book is.
🔗 Related topics
- Socialist economics Socialist economics comprises the economic theories, practices and norms of hypothetical and existing socialist economic systems. A socialist economic…
- Socialist calculation debate The socialist calculation debate, sometimes known as the economic calculation debate, is a discourse on the subject of how a socialist economy would perform…
- Production for use Production for use is a phrase referring to the principle of economic organization and production taken as a defining criterion for a socialist economy…
- Economic planning Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative…
- Lange model The Lange model (or Lange–Lerner theorem) is a neoclassical economic model for a hypothetical socialist economy based on public ownership of the means…
- Social ownership Social ownership is a type of property where an asset is recognized to be in the possession of society as a whole rather than individual members or groups…
- Mixed economy A mixed economy is an economic system that includes both elements associated with capitalism, such as private businesses, and ones associated with socialism…
- Market economy A market economy is an economic system in which decisions regarding investment, production, and commerce (the distribution of goods and services) are guided…