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Identifies certain commonalities in the bases of the moral philosophies of Rand (individualist/capitalist/egoist) and Marx (collectivist/socialist/altruist), such as a man’s natural rights and materialism. Examines their philosophies from an ethical viewpoint, looking at the origins and content...
Demonstrates the relevance of a stages methodology as a basis for understanding and analysing the evolutionary metamorphosis leading to the current Russian malaise . Addresses the advantages and disadvantages of the methodology, such as the unilinear fallacy, and analyses economic stagnation and...
Discusses the present‐day economic trans‐formation sponsored by the IMF in the direction of privatization in the Commonwealth of Independent States. Chooses as case study the Muslim CIS bloc as the perfect example of the fiasco of the prescriptions of structural transformation by the socialist...
The traditional analysis of the Soviet‐type economies denies the existence of markets to these economies. The usual argument is that these economies lack freedom and are characterized by the absence of private property. Additionally, the conventional analysis implies that theory of markets is a...
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