The era of political economy : the minimal state to the Welfare state in the twentieth century (по статье)
In this part of the chapter the author talks about Great Depression and its impact on economics. Great Depression was the first truly international growth disaster. It originated in the USA and spread to the rest of the world.
Part three of the tenth Chapter has the name "Successes and failures of microeconomic management in the second half of the twentieth century: from full employment to inflation targeting".
The forth part of the text is called "Karl Mark's trap: the rise and the fall of the socialist economies in Europe".
This part of the article considers Karl Marx's theory. Karl Marx, the economist, philosopher and social critic developed a theory of history with a surprising lesson for the social economies, economic experiment that ultimately failed.
Part number five is titled "
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