In his book "Capitalism, Socialism and Democracy", the economist Joseph Alois Schumpeter (1853-1950) argued that capitalism is an evolutionary and dynamic system. The main impulse that causes evolution and dynamism comes from the supply of new consumer goods, new methods of production or transport, new markets and new organizational forms of enterprises, ...
More »What is worth knowing about Bulgarian socialism III: Industry
Industrialization is one of the visible dimensions of the economic and social modernization experienced by developed capitalist societies in the 19th century. The process of the emergence of industrial structures is a complex result of relative spiritual, economic and scientific freedom, security of private property and appropriate institutional structure. Communists put industrialization among their main economic …
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EKIP– Expert Club for Economics and Politics A Different Opinion