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Why do you think economist typically combine market and socialist elements today? - teenysnail116 - 03-24-2014 10:26 AM
Why do you think economist typically combine market and socialist elements today?
How does it relate to historical examples?
- Anjaree - 03-24-2014 10:32 AM
Because the social market economy concept developed in Germany has been proved that it has led to economic miracle. A smaller version has been developed by Hayek called safety-net which is in use worldwide.